Rule 14
- Document type
- Rule
- Dated
- Category
- CENTRAL EXCISE RULES, 1944
Exporter may enter into a general bond
RULE 14. Exporter may enter into a general bond
The Commissioner may permit any person desirous of exporting from India, in the manner provided in the foregoing rules, excisable goods on which duty has not been paid, to enter into a general bond in the proper Form, with such surety or sufficient security, in such amount, and under such conditions as the Commissioner approves, for the export, from time to time, of such excisable goods within the period prescribed for goods exported under rule 12:
provided that, in the event of death, insolvency or insufficiency of the surety, or where the amount of the bond is inadequate, the Commissioner may, in his discretion, demand a fresh bond; and may, if the security furnished for a bond is not adequate, demand additional security.
The Commissioner may permit any person desirous of exporting from India, in the manner provided in the foregoing rules, excisable goods on which duty has not been paid, to enter into a general bond in the proper Form, with such surety or sufficient security, in such amount, and under such conditions as the Commissioner approves, for the export, from time to time, of such excisable goods within the period prescribed for goods exported under rule 12:
provided that, in the event of death, insolvency or insufficiency of the surety, or where the amount of the bond is inadequate, the Commissioner may, in his discretion, demand a fresh bond; and may, if the security furnished for a bond is not adequate, demand additional security.