https://www.taxtmi.com/manuals?id=1507 operate under Chapter 6 of the Foreign Trade Policy and related notifications to manufacture and provide services for export from customs bonded premises on the basis of a Letter of Permission and legal undertaking. They receive duty free import and domestic procurement of capital goods and inputs subject to SION or prescribed norms, execute a general B 17 bond securing duty forgone, and must achieve positive Net Foreign Exchange under monitoring by Development Commissioners. Duty liability and penal recovery apply for diversion, unauthorised DTA sale, non accountal or failure to utilise duty free goods; de bonding and DTA sale are permitted subject to prescribed concessional duty, depreciation rules and fulfillment of NFE. en-us Thu, 07 Jul 2016 18:31:00 +0530 Mon, 25 Sep 2017 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1507 operate under Chapter 6 of the Foreign Trade Policy and related notifications to manufacture and provide services for export from customs bonded premises on the basis of a Letter of Permission and legal undertaking. They receive duty free import and domestic procurement of capital goods and inputs subject to SION or prescribed norms, execute a general B 17 bond securing duty forgone, and must achieve positive Net Foreign Exchange under monitoring by Development Commissioners. Duty liability and penal recovery apply for diversion, unauthorised DTA sale, non accountal or failure to utilise duty free goods; de bonding and DTA sale are permitted subject to prescribed concessional duty, depreciation rules and fulfillment of NFE. Manuals Customs Thu, 07 Jul 2016 18:31:00 +0530 https://www.taxtmi.com/manuals?id=1507