Customs bonding requirements: export oriented units relieved from warehouse licensing but remain subject to multipurpose bond obligations. EOUs previously required premises approval as a Customs bonded warehouse and operated under customs bond with officers' cost recovery; certain sectors received administrative exemptions with safeguards. Thereafter EOUs were de licensed as warehouses and released from warehousing provisions, but remain required to execute a multipurpose bond with surety/security with jurisdictional Customs and Central Excise officers.
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Customs bonding requirements: export oriented units relieved from warehouse licensing but remain subject to multipurpose bond obligations.
EOUs previously required premises approval as a Customs bonded warehouse and operated under customs bond with officers' cost recovery; certain sectors received administrative exemptions with safeguards. Thereafter EOUs were de licensed as warehouses and released from warehousing provisions, but remain required to execute a multipurpose bond with surety/security with jurisdictional Customs and Central Excise officers.
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