Customs bonding requirements: EOUs remain subject to multipurpose bond obligations despite de licensing as warehouses. EOUs initially operated under the Customs warehousing provisions and were required to execute a multipurpose bond with surety/security, with some sectoral exemptions subject to safeguards. Subsequent amendment de licensed EOUs as warehouses, but the obligation to furnish a multipurpose bond with surety or security with jurisdictional Customs and Central Excise officers remains in force.
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Customs bonding requirements: EOUs remain subject to multipurpose bond obligations despite de licensing as warehouses.
EOUs initially operated under the Customs warehousing provisions and were required to execute a multipurpose bond with surety/security, with some sectoral exemptions subject to safeguards. Subsequent amendment de licensed EOUs as warehouses, but the obligation to furnish a multipurpose bond with surety or security with jurisdictional Customs and Central Excise officers remains in force.
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