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<h1>B-17 Bond: Essential for 100% EOUs to Import Duty-Free, Requires Authorization and Surety or Bank Guarantee.</h1> The B-17 Bond is a comprehensive bond required for 100% Export Oriented Units (EOUs) under the Central Excise framework. It facilitates duty-free import, domestic procurement, warehousing, and transshipment of goods. The bond amount is calculated based on the duty foregone on capital goods and raw materials. Execution requires authorization and may involve a surety or a 5% bank guarantee unless waived for units with a strong export track record. The bond is executed before the jurisdictional authority and monitored through a bond register, ensuring proper debit and credit of duties. Adjustments are made for changes in unit ownership or constitution.