Waiver of interest on customs duty denied for prematurely debonded exclusive EOUs' imports, except in exceptional cases. Waiver of interest on customs duty for goods imported by exclusive EOUs depends on fulfillment of export obligation; if an EOU is pre-maturely debonded without production or export, interest waiver will ordinarily be refused and will be considered only in very exceptional circumstances. This policy is to be applied by officers deciding waiver requests under warehousing.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Waiver of interest on customs duty denied for prematurely debonded exclusive EOUs' imports, except in exceptional cases.
Waiver of interest on customs duty for goods imported by exclusive EOUs depends on fulfillment of export obligation; if an EOU is pre-maturely debonded without production or export, interest waiver will ordinarily be refused and will be considered only in very exceptional circumstances. This policy is to be applied by officers deciding waiver requests under warehousing.
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