Single bond requirement for exporters: consolidated surety bond authorises duty free clearance and job work movements. A consolidated single bond (B-17) shall replace multiple bonds for 100% EOUs and units in EPZ/FTZ/STP/EHTP schemes to cover liabilities under Customs and Central Excise; only a surety bond is to be taken, executed before the Assistant Commissioner who issues a certificate authorising duty free clearance and job work movements, while existing annexure II procedures continue for domestic procurement and failure to receive rewarehousing certificates within ninety days triggers a demand notice procedure.
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Provisions expressly mentioned in the judgment/order text.
Single bond requirement for exporters: consolidated surety bond authorises duty free clearance and job work movements.
A consolidated single bond (B-17) shall replace multiple bonds for 100% EOUs and units in EPZ/FTZ/STP/EHTP schemes to cover liabilities under Customs and Central Excise; only a surety bond is to be taken, executed before the Assistant Commissioner who issues a certificate authorising duty free clearance and job work movements, while existing annexure II procedures continue for domestic procurement and failure to receive rewarehousing certificates within ninety days triggers a demand notice procedure.
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