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of <h1>New 'Self-Removal' Procedure Eases Customs Bonding for 100% Export Oriented Units, Enhancing Operational Efficiency and Reducing Costs.</h1> The Ministry of Finance, Department of Revenue, has introduced a 'self-removal' procedure for 100% Export Oriented Units (EOUs) to replace 'customs bonding.' Units importing only capital goods, those with a clear correlation between raw materials and finished products, and those located in close proximity can now operate without constant physical supervision. Instead, they must maintain detailed records for periodic audits and surprise inspections. Units in close proximity can share supervising staff to reduce costs. Instructions for implementing these changes and conducting inspections and audits are to be issued, with a report on actions taken to be submitted to the Ministry.
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