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of <h1>Revised B-17 Bond Rules for Export Units: Duty-Based Limits and Surety Requirements Explained</h1> Units operating under export-oriented schemes are required to execute a single B-17 bond with a bond amount now limited to the duty payable on approved imported and indigenous capital goods plus duty on raw materials held for six months. The bond must be secured by either a surety or a 5% bank guarantee or other approved government security based on this revised amount. Sureties' solvency must be certified by a Chartered Accountant or banker. Directors of limited companies operating such units may stand as sureties in their personal capacity, and other corporate bodies may also act as sureties. Previous circulars on the subject are modified accordingly, and the changes are to be widely publicized.
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