Removal of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. - Amendment in (i) paras 6.06, 6.20 and 6.40 of Hand Book of Procedures(HBP) 2015-2020; and (ii) Appendix 6E, 6G, 6H, 6M, 5C and ANF 6A, ANF 6B of Appendices and Aayat Niryat Forms of FTP 2015-2020
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Removal of mandatory bonding requirements allows EOUs and park units to operate without compulsory customs warehousing constraints.
Amendments remove mandatory warehousing and bonding formalities for EOUs and units in STP/EHTP/BTP by deleting requirements to obtain private bonded/warehousing licences and to execute customs/central excise bonds, replacing references to "bonded premises" with "premises of the unit," and substituting bond officer endorsements with jurisdictional officer endorsements; related form fields capturing bonding dates and consent are deleted and CST reimbursement and conversion procedures are adjusted accordingly.