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of <h1>Customs Clarifies Updates to Export Oriented Units: Duty Exemptions, B-17 Bond Changes, and Re-import Period Extensions Aligned with FTP.</h1> The circular issued by the Principal Commissioner of Customs in Visakhapatnam provides clarifications on amendments to Customs and Central Excise notifications affecting Export Oriented Units (EOUs). These amendments align the notifications with the Foreign Trade Policy (FTP) 2015-2020 and address changes due to the introduction of GST. Key updates include modifications to duty exemptions, the removal of outdated references, and the extension of re-import periods for certain goods. The B-17 bond for EOUs has been updated to reflect current legal frameworks. The circular advises relevant parties to review these changes and report any issues to the Assistant Commissioner of Customs.
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