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bond for concessional rate of duty, Customs - Import - Export - Customs - SEZ

Issue Id: - 115394
Dated: 6-9-2019
By:- vasudevan konda
bond for concessional rate of duty

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Sir, we have executed Bond for import of goods at concessional rate of duty u/n 57/2017.

We have executed bond for Rs.one crore. Can we use the same bond by taking credit of duty of the goods imported and used in the manufacturing activity, for the purpose of further import of goods. The Department is wary of the use and they demand to execute Bond against consignment basis. Please give remedial advice.

Vasudevan konda

9727706525

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