"Self removal" in place of "customs bonding" for 100% EOUs

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....0% EOUs - Introduction of "Self-Removal" in place of "Customs Bonding" for 100% EOUs - Reg. The undersigned is directed to refer to your replies to Ministry's letter F.No. 305/105/85-FTT dated 28.10.1985 on the above subject and to say that the Board has decided that the Collectors may identify the units according to the following categories:- (i) Unit importing Capital Goods only - It is se....

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....surprise checks by the nearest Range/Divisional officer, in addition to periodical auditing of their records. (ii) Units having co-relation between raw materials and finished products - In certain Units, where only one or two basic raw materials are used for manufacture of the end products, and where a fairly accurate co-relation between the input and output is possible (after making an allowan....

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....on, etc. The costs could be shared equally thereby reducing the financial burden of the small Units. The operations of such Units could be supervised by two or three officers and they could inspect the records of the Units in the course of their inspection. In addition these units could be subjected to surprise checks by the nearest range or Divisional office. 2. You are requested to identify u....