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the original documents and also communicated to the importer for their future reference.
Bond Registration Number System would maintain a single running Serial No. for all types of
Bonds. The Bond No. need not be initialised every year.
Q-168: Explain a common bond for all imports under Export Promotion Schemes from any ports
A-168: The execution of a single Common Bond is available for all imports under specified
Export Promotion Schemes from any port in India for a bond value decided by authorisation
holder. Once a Common Bond has been executed and the authorisation registered against it,
the imports against such authorisation will be permitted as per the time limits prescribed in
the concerned Export Promotion Scheme. If the bond value is exhausted, it will be topped up
by the authorisation holder at the port where the common bond was executed. In case any
Bank Guarantee is required, the authorisation holder need not furnish the entire Bank
Guarantee at the time of executing the bond. The Bank Guarantee may be furnished as and
when the goods are imported and the benefits of concessional duties availed.
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