Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>New Guidelines for Debonding EOUs, EHTPs, and STPs: 10% Bank Guarantee Required for Pending Duty Demands.</h1> The circular addresses the debonding process for Export Oriented Units (EOU), Electronic Hardware Technology Parks (EHTP), and Software Technology Parks (STP). It clarifies that units facing pending duty demands can debond by providing an undertaking and a 10% Bank Guarantee of the amount involved. However, if the issue has been decided in favor of the assessee by the Tribunal and is under appeal, the amount involved in such cases will not be considered for the 10% guarantee. Additionally, any duty paid during investigations cannot be adjusted towards this guarantee, but will be deducted from the total demand when calculating the guarantee amount.