I did deliberate about that when I replied as obviously the 'E' also stands for exposed. Also, in the context of the original question (if 'E' for extraneous) it would be bonding.
If it is thought that the conduit may become live then it may require earthing and the 'E' would refer to exposed. However, the fact is it is not exposed, it's buried (dampness apart).
I had taken the OP's mention of 'conduit running down a wall' as meaning on the surface (i.e.exposed). If that's an incorrect interpretation, and it's buried, then I agree with you - if it's not exposed, then it can't be an exposed-conductive-part, so technically doesn't need earthing - and (as I said before) I can't see how it could count as an extraneous-conductive-part which would need bonding.
Yes, I thought of that, and forgot to mention it. I wonder if the OP is overlooking the mechanical connections to earthed back boxes, and was merely refering to the absence of any 'wires' earthing the conduit?
As I wrote last night, that's always been my understanding. It obviously has to be exposed somewhere to be an exposed-conductive-part - but, as holmslaw has poined out, it's quite likely to be 'exposed' somewhere, even if much of it is buried in walls.
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