Re-entry of the goods cleared for export under bond but not actually exported, in the factory of manufacture :

The excisable goods cleared for export under bond or undertaking but not actually exported for any genuine reasons may be returned to the same factory provided –

(i) such goods are returned to the factory within six months along with original documents (invoice and A.R.E.1);

(ii) the assessee shall give intimation of the re-entry of each consignment in Form D-3 within twenty-four hours of such re-entry;

(iii) such goods are to be stored separately for at least for 48 hours from the time intimation is furnished to Range Office or shorter period if verification is done by the Superintendent of Central Excise in the manner mentioned subsequently ; and

(iv) the assessee shall record details of such goods in the daily stock account and taken in the stock in the factory.

The Superintendent of Central Excise will verify himself or though Inspector in charge of the factory, about the identity of such goods with reference to invoice, A.R.E.1 and the daily stock account in respect of 5% of intimations, within another 24 hours of receipt of intimation.