B-17 Bond - CBEC's Customs Manual 2023 - Customs

..... e duty, for export of goods and for accounting/disposal of excisable goods procured without payment of duty. This bond also takes care of the interest of revenue against risks arising out of goods lost in transit, goods taken into Domestic Tariff Area for job work/ repair/ display etc but not brought back. Basically the B-17 bond is an “all purpose” bond covering liabilities of the EOU both under Customs and Central Excise Acts. However, it does not cover the differential duty amount .....

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B-17 Bond - CBEC s Customs Manual 2023 - Customs

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..... ars are exempted from furnishing Bank Guarantee etc. or Surety along with B-17 bond. However, this facility will not be available to the Units where Show Cause Notices have been issued or cases booked on grounds other than procedural violations, under the penal provision of the Customs Act, the Central Excise Act, the Foreign Trade (Development & Regulation) Act, the Foreign Exchange Management Act, the Finance Act, 1994 covering Service Tax or any allied Acts or the rules made thereunder, o .....

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B-17 Bond - CBEC s Customs Manual 2023 - Customs

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..... 018-Customs dated 14.08.2018] 10.5 Original B-17 bond is to be kept safely after allotting Bond Nos. and bond values to be mentioned in the bond register for the purposes of debit/credit of duty foregone on the goods imported/procured duty free. Debits for duty foregone are to be made at the fresh import or at the time of local procurement of excisable goods under CT-3. For debit only 25% of the duty foregone (for Capital Goods) should be taken and not the entire duty amount. Similarly credits o .....

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B-17 Bond - CBEC s Customs Manual 2023 - Customs

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