Debonding by EOU/EHTP/STP Units

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... I am directed to invite your attention to Board's Circular No. 8/2004-Customs, dated 28-1-2004 on the above subject. whereunder it has been provided that EOUs  against whom any show cause notice for demand of duty is pending may be allowed to be debonded on furnishing  undertaking on  stamp paper along with Bank Guarantee of 10% of the amount involved. .  2. Clarifi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of the case has not attained finality because of appeal preferred by the department, Show Cause Notices on these issues are pending for adjudication even for other EOUs.  Therefore, in all such cases where the Department has lost in  the CESTAT and has preferred appeal to Apex Court,  the amount involved in SCN issued on the same issue either in respect of the said unit or any othe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er  part duty deposited earlier  by the assessee during the course of investigation can be adjusted towards  10% duty required  to be paid at the time of debonding in terms of Circular 8/2004. The matter has been considered. The intention of the Circular 8/2004- Cus is to take 10% bank guarantee of the duty demanded at  the time of debonding. Therefore, the duty  paid....