term bond running help what is
Meaning of running bond. What is it: maximum amount of basic excise duty (BED) that can be covered.

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Definition running bond

RUNNING BOND title: running bond (LO) (SAP Library - Glossary)
RUNNING BOND category: Logistics - General (LO)
RUNNING BOND explained:

An excise bond in which the bond value refers to the maximum amount of basic excise duty (BED) that can be covered at any one time.

The net bond value is reduced when you submit an ARE-1, but goes up again once you receive confirmation that the goods have been exported.

Example

You have an excise bond with a value of INR 10,000. You create an ARE-1 for an export with a BED amount of INR 8,000. The net bond value goes down to INR 2,000. When you receive confirmation that the goods have been exported, the net bond value goes back up to INR 10,000.

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Help Users specify the recipient priority when they create documents in the Business Workplace running bond abbreviation.
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