Bank guarantee requirement: EOUs must furnish full or reduced bank guarantees sending duty free goods for job work, depending on processing. Export Oriented Units sending duty free goods to the domestic tariff area for job work must furnish bank guarantees: a full bank guarantee to cover duty ... Summary
Bank guarantee requirement: EOUs must furnish full or reduced bank guarantees sending duty free goods for job work, depending on processing.
Export Oriented Units sending duty free goods to the domestic tariff area for job work must furnish bank guarantees: a full bank guarantee to cover duty forgone where raw material is sent without processing, and a reduced bank guarantee equal to half the duty where goods are sent after processing.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.