B-17 bond: security reduced to a fraction of projected duty, simplifying clearance and establishing a single all-purpose bond. A single B-17 Bond, executed before the jurisdictional Assistant Commissioner, shall be the sole bond for EOU/EPZ/EHTP/STP units for duty-free imports and local procurement covered by the exemption notification; the jurisdictional Assistant Commissioner's certificate alone is sufficient for port clearance and no additional bonds or port-level securities should be demanded. The bond amount is to be calculated on projected sanctioned requirements (covering capital goods and three months' raw-material stock), is a running bond debited on fresh procurement and adjusted if actual procurement exceeds projections, with monitoring by the Assistant Commissioner on a broad basis.
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Provisions expressly mentioned in the judgment/order text.
B-17 bond: security reduced to a fraction of projected duty, simplifying clearance and establishing a single all-purpose bond.
A single B-17 Bond, executed before the jurisdictional Assistant Commissioner, shall be the sole bond for EOU/EPZ/EHTP/STP units for duty-free imports and local procurement covered by the exemption notification; the jurisdictional Assistant Commissioner's certificate alone is sufficient for port clearance and no additional bonds or port-level securities should be demanded. The bond amount is to be calculated on projected sanctioned requirements (covering capital goods and three months' raw-material stock), is a running bond debited on fresh procurement and adjusted if actual procurement exceeds projections, with monitoring by the Assistant Commissioner on a broad basis.
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