Removal of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. - Amendment in (i) paras 6.06, 6.20 and 6.40 of Hand Book of Procedures(HBP) 2015-2020; and (ii) Appendix 6E, 6G, 6H, 6M, 5C and ANF 6A, ANF 6B of Appendices and Aayat Niryat Forms of FTP 2015-2020
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Removal of mandatory bonding requirements allows EOUs and park units to operate without compulsory customs warehousing constraints. Amendments remove mandatory warehousing and bonding formalities for EOUs and units in STP/EHTP/BTP by deleting requirements to obtain private bonded/warehousing licences and to execute customs/central excise bonds, replacing references to 'bonded premises' with 'premises of the unit,' and substituting bond officer endorsements with jurisdictional officer endorsements; related form fields capturing bonding dates and consent are deleted and CST reimbursement and conversion procedures are adjusted accordingly.
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Provisions expressly mentioned in the judgment/order text.
Removal of mandatory bonding requirements allows EOUs and park units to operate without compulsory customs warehousing constraints.
Amendments remove mandatory warehousing and bonding formalities for EOUs and units in STP/EHTP/BTP by deleting requirements to obtain private bonded/warehousing licences and to execute customs/central excise bonds, replacing references to "bonded premises" with "premises of the unit," and substituting bond officer endorsements with jurisdictional officer endorsements; related form fields capturing bonding dates and consent are deleted and CST reimbursement and conversion procedures are adjusted accordingly.
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