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of <h1>Export units need only 25% of duty foregone amount for B-17 bond debiting on fresh imports and capital goods procurement</h1> The Central Board of Excise & Customs clarified bonding requirements for Export Oriented Units, Export Processing Zones, and Software/Hardware Technology Parks regarding B-17 bonds. A doubt arose concerning the debiting of bond amounts for fresh imports or local procurement of raw materials and capital goods. The previous circular created confusion by stating that bond debiting should reflect full duty-foregone amounts from Bills of Entry, while bond amounts were calculated at only 25% of duty foregone on capital goods. This discrepancy caused bond shortfalls requiring additional bonds. The Board clarified that for debiting bond amounts during fresh imports or capital goods procurement, only 25% of the duty foregone mentioned in Bills of Entry should be considered, not the entire duty amount. The earlier circular was modified accordingly. Customs authorities were directed to issue public notices for wide publicity and report implementation difficulties promptly.
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