Export to Bhutan without payment of duty :
The conditions and procedure for export to Bhutan without payment of duty (under bond) have been given by the Board in Notification No. 45/2001-Central Excise (N.T.) dated 26.6.2001.
1. Places from where goods can be exported: Under the said notification, export can be made from any of the following places: –
(i) the factory of production or manufacture
(ii) warehouse, or
(iii) any other premises as may be approved by the Commissioner of Central Excise.
2. Forms to be used: The export shall be required to file a general bond in the Form specified in the said notification with such security or surety as may be specified by the concerned bond accepting authority. The bond shall be in a sum equal at least to the duty chargeable on the goods for the due arrival of export goods at the place of export (Land Customs Station) and their export there from under Customs supervision. The officer who will accept the bond, will also be responsible for discharging that bond upon furnishing proof of export by the exporter.
The bond shall not be discharged unless the goods are duly exported, to the satisfaction of the Deputy/Assistant Commissioner of Central Excise or Maritime Commissioner or such other officer as may be authorised by the Board on this behalf within the time allowed for such export or are otherwise accounted for to the satisfaction of such officer, or until the full duty due upon any deficiency of goods, not accounted so, and interest, if any, has been paid.
Invoice in the Form specified in the said notification shall be used for export clearances. Six copies of invoice shall be prepared. This document shall bear running serial number beginning from the first day of the financial year. On the invoice, certain declarations are required to be given by the exporter. They should be signed by the exporter or his authorised agent.
Certificate shall be required in the Form specified in the said notification from the Reserve Bank of India or any other bank authorised to deal in foreign exchange by the Reserve Bank of India, for the receipt of full payment in freely convertible currency. Certificate may also be required where remittance is received in Indian rupee.