https://www.taxtmi.com/circulars?id=1603 Debonding of EOU/EHTP/STP units requires an undertaking and a 10% bank guarantee of the duty demand at debonding, calculated on the SCN net of any deposits; SCN amounts based on issues where the CESTAT has ruled for the assessee and the department has appealed are excluded from the base for computing the 10% guarantee. Existing valid bank guarantees furnished with the B-17 bond may be adjusted to cover the 10% requirement, but duty paid during investigation cannot substitute for the guarantee though it reduces the demand used to compute 10%. en-us Thu, 14 Oct 2004 00:00:00 +0530 Sat, 28 Feb 2009 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1603 Debonding of EOU/EHTP/STP units requires an undertaking and a 10% bank guarantee of the duty demand at debonding, calculated on the SCN net of any deposits; SCN amounts based on issues where the CESTAT has ruled for the assessee and the department has appealed are excluded from the base for computing the 10% guarantee. Existing valid bank guarantees furnished with the B-17 bond may be adjusted to cover the 10% requirement, but duty paid during investigation cannot substitute for the guarantee though it reduces the demand used to compute 10%. Circulars Customs Thu, 14 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1603