Special Economic Zone compliance undertaking governs duty-free goods, reporting duties, foreign exchange earning, and customs recovery obligations. Bond-cum-legal undertaking prescribed for a Special Economic Zone unit to secure compliance with the Letter of Approval, the Special Economic Zones Act, ... Summary
Special Economic Zone compliance undertaking governs duty-free goods, reporting duties, foreign exchange earning, and customs recovery obligations.
Bond-cum-legal undertaking prescribed for a Special Economic Zone unit to secure compliance with the Letter of Approval, the Special Economic Zones Act, 2005, and the Special Economic Zones Rules, 2006. The obligors bind themselves jointly and severally to the Government to ensure authorised operations, admission and movement of duty-free imported or domestically procured goods, temporary removal for specified purposes, and adherence to provisional assessment requirements, account maintenance, transit safeguards, and customs evidence of receipt.
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