Excise Bond matter

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..... Excise Bond matter
Query (Issue) Started By: - Rajeev Khulbe Dated:- 25-3-2016 Last Reply Date:- 25-3-2016 Central Excise
Got 2 Replies
Central Excise
Good morning to all experts, First of all happy Holi to all of you my loving experts. My query is that we was take a bond under excise for CONSECIONAL RATE OF DUTY EXCISE (purchase led bulb material). We purchase that material @ 6% b .....

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..... ed. But due to some rate problem we want to change bond and want to take another bond with same item but different rate.So can you please tell me the procuder of previous bond surrendering and take new bond.We was take previous bond 22 feb-2016 and we want to now surrender this bond Reply By Rajagopalan Ranganathan: The Reply: Sir, Giving bond to Central Excise Authority alone can be dealt wit .....

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..... h by Central Excise Law. Giving bond and taking bond from another party/customer will be govened by Civil Law. Please clarifiy what is the purpose of the bond and to whom you have give a bond or from whom you have to take a bond. Reply By Rajagopalan Ranganathan: The Reply: Sir If you want to execute a bond with your jurisdictional excise authority to obtain exciseable goods at Nil/concessional .....

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..... rate under Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016 due variation in the price/rate you seek the permission of the Assistant/Deputy Commissioner of your jurisdiction to cancel previous bond and execute a fresh bond.
Discussion Forum - Knowledge Sharing .....

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