( 1) Upon the scrutiny of the application received pursuant to Rule 14 if it is found that the applicant has fulfilled all the terms and condition referred to in that Rule, the Customs office shall release the bank guarantee and the deposit within One month.
(2) The bank guarantee or the deposit equivalent to the Customs duty shall be partially released to the extent of the use of the materials in case of partial use of materials imported under the bonded warehouse facility in the manufacturing of the product which is exported or partial sale of the goods from the Duty Free Shop within the time limit or yarn imported under Sub-rule (2) of Rule 11 is partially used in the manufacturing of textile by the export oriented garment industry or locally purchased such textile is partially used by the export oriented garment industry for the manufacturing of the garment and export of  such garment, if found.