EXPORT OF GOODS UNDER BOND (WITHOUT PAYMENT OF EXCISE DUTY)
DEFINITION
Any excisable goods can be exported withoutpayment of duty from a factory of the producer or manufacturer/or the warehouse/or any other premises, for use in the manufacture or processing of goods which are exported, as may be approved by the Principal Commissioner or Commissioner, as the case may be. (Rule 19 of Central Excise Rules 2002). The safeguards and procedure may be specified by a notification by the Board.