Debonding from EOU Scheme

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..... In the event of debonding, the unit is required to pay applicable customs and excise duty on the imported and indigenous capital goods, raw materials, components, consumables, spares, finished goods, waste scrap etc. in stock. The unit has to apply for debonding to the jurisdictional DC who permits 'In-principle' debonding subject to certain conditions. The penalty imposed by the appropr .....

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..... unit would be required to fulfill the above conditions before obtaining final debonding order from Development Commissioner. The unit would continue to be EOU unit till the final debonding order is issued. The Development Commissioner however, may allow further extension of period required for fulfillment of the conditions in deserving cases. Clearance from Central Excise Department prior to .....

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