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of <h1>EOUs Can Import Duty-Free Goods for Export with B-17 Bond; Exemptions for High Export Turnover Units</h1> Export Oriented Units (EOUs) can import goods for manufacturing or packaging for export without paying customs and central excise duties by executing a B-17 bond. This bond, established under Notification No. 6/98-CE(N.T.), covers liabilities under Customs and Central Excise Acts but excludes differential duty for advance Domestic Tariff Area sales. EOUs must provide a surety or security, typically 5% of the bond amount. Units with a positive net foreign exchange and a significant export turnover may be exempt from furnishing a bank guarantee. The B-17 bond also serves as a continuity bond under Customs rules, with specific monitoring and execution guidelines.
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