EOUs/EPZ/EHTP/STP Units---B17 bonds – debit of only 25% of duty foregone

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..... bonds – debit of only 25% of duty foregone It is directed to invite your attention to Board’s Circular No. 76/99-Customs, dated 17.11.99, on the above subject and to say that a doubt has beenraised with regard to debiting of bond in case of fresh import or local procurement of raw materials/capital goods. The doubt is in the context of sub-clause (v) of paragraph 6 of the a .....

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..... hort, thus requiring execution of another/additional bond. 2. The matter has been considered. It is clarified that for debiting the bond amount in case of fresh imports or procurement of capital goods only 25% of the duty foregone as mentioned in Bill of Entry/AR-3, should be taken and not the entire duty amount. Board’s Circular No. 76/99-Cus, dated 17.11.99, referred to above st .....

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