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of <h1>100% Export Units Must Execute Bond with Surety to Comply with Customs Act 1962 and Central Excise Act 1944.</h1> A General Bond (with Surety/Security) is required to be executed by 100% Export Oriented Units (EOUs) or units within Electronic Hardware Technology Parks (EHTP), Software Technology Parks (STP), or Free Trade Zones (FTZ). The bond binds the obligors to comply with the Customs Act, 1962, and Central Excise Act, 1944, ensuring duties and charges are paid, goods are managed according to regulations, and export obligations are fulfilled. It includes conditions for duty-free import and movement of goods, provisional assessments, and security deposits. The bond remains effective until all conditions are met, even if goods are transferred or moved between warehouses.
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