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of <h1>GST Update: EOUs Can Use B-17 Bond Under Customs Rules 2017 for Duty Concessions and Import Flexibility.</h1> The circular addresses operational issues faced by Export Oriented Units (EOUs) under the GST regime following an amendment to Notification No. 52/2003-Customs. It clarifies that EOUs, Software Technology Parks (STP), and Electronic Hardware Technology Parks (EHTP) can use the B-17 bond as a continuity bond under the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017. Units must provide estimated import data for up to one year, with flexibility for amendments. Until July 31, 2017, EOUs can choose between Rule 5 procedures or procurement certificates for imports. Inter-unit transfers will involve CST taxes but not customs duty.
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