Clarification - custom bonding

[Guest]

It is obligatory for EOU to work under Customs Bonding (Sec.58 & 65)even in case when no import of goods under  notifications no. 52/2003 ever required. There is no parella provision unlike EXIM POLIY given under new FTP. Comments with the authority.

[Surender Gupta]

Once you opt for EOU scheme and furnish bond for establishment of EOU, you have to comply with the procedural formalities as applicable to EOU even if you do not Import any goods under exemption notification.

AI Summary

Customs bonding obligation persists for EOUs; opting into the scheme requires full customs compliance despite no exempt imports. An entity electing the EOU scheme and furnishing the establishment bond must comply with the customs bonding regime and related procedural formalities even if it does not import goods under exemption notifications; no parallel exemption exists in the new EXIM policy under FTP.