Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs, New Delhi
Subject: Central Excise- Expeditious acceptance of bond for exports without payment of duty – Regarding.
It has been brought to the notice of the Board that there are delays in acceptance of bond furnished by an exporter under Rule 13 of Rule 14 of the Central Excise Rules, 1944 which adversely affect their export schedule. It has been emphasized time and again that the exports should be given top priority and the best possible facilitation measures should be taken to promote exports. The Board has already relaxed the condition of furnishing of security/ surety along with such bonds in respect of specified categories of exports and therefore there should not be any difficulty in expeditious acceptance of such bonds.
2. It has been decided that where an exporter submits a bond under Rule 13 or Rule 14, the same should be verified immediately in the office of Assistance Commissioner and if found complete in all respects be accepted and communicated to the exporter within 24 hours or the next working day. Any delay in this regard will be viewed seriously by the Board.