9911796707
TMI BlogB-17 Bond, Bond Amount, Execution of Bond, Waiver of Bank Guarantee, Acceptance of the Bond, Bond RegisterX X X X Extracts X X X X X X X X Extracts X X X X ..... rovisional assessment, for export without payment of duty, for due accountal /disposal of dutiable goods. Format of the bond has been prescribed vide notification No. 6/98-CE (N.T), dated 2.3.1998 and the bond covers following activities:- (a) Transshipment of import/export goods between the port of import/export and unit s premises, Duty free import/domestic procurement of goods, (b) Ware ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Company, the directors of EOUs, are allowed to stand as surety in their personal capacity. Other corporate bodies of the EOU/SEZ units may also stand surety for a unit. Bond Amount The required bond amount is equal to A+B, where A is 25% of the duty foregone on the Capital Goods, whether indigenous or imported as per sanctioned requirement including duty free Capital Goods insta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e revised (re-executed) whenever there is a change in ownership of unit or change in the constitution. Waiver of Bank Guarantee Units in existence for last three years with unblemished track record having export turnover of rupees five crores or above, are exempted from furnishing Bank Guarantee etc. or Surety along with B-17 bond . Acceptance of the Bond Bond complete in al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... manufacture of finished goods exported or cleared in DTA on payment of applicable duties or destroyed as per permission of proper officer or transferred to other warehouses/ EOU/SEZ units or in case of duty free donation of computers. Monitoring of Bond is to be done by AC/DC of Central Excise and it is to be ensured that Bond is discharged at the time of final debonding of the unit. - Manua ..... X X X X Extracts X X X X X X X X Extracts X X X X
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