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Timely cancellation of bond executed with Customs in advance authorization cases

..... 400 707. F. No. S/12 -Gen-38/2015-16AM(X) Date: 23.05.2016 PUBLIC NOTICE No. : 74/2016 SUBJECT: - reg. The matter regarding time taken in cancellation of bonds executed by exporters in respect of advance authorizations, has been examined by the Central Board of Excise & Customs and to expedite the process of bond cancellation following guidelines have been issued:- a) Board vide Circular No. 0 .....

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..... ng selected for checks/ verification. 2. The Board has further directed that to bring transparency into the process of bond cancellation for Advance Authorisation, a verifiable record will be kept in respect of the applications received for bond cancellation with documents, and every 3rd day or earlier if required by quantum of EODC inflow, selection for checks will be made from the relevant appli .....

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