The option of posting an export bond may be availed of by manufacturers/exports subject to the following conditions:
- In no case shall they avail two options (product replenishment and export bond) at the same time to cover the excise tax due for the same shipment
- Amount of export bond shall be equivalent to, at a minimum, the applicable excise taxes due on the two immediately preceding shipments
- Manufacturers/exporters shall file and submit the export bond to the Excise Large Taxpayers Regulatory Division and copy furnish the Chief, Excise Large Taxpayers Field Operations Division