B-17 Bond, Bond Amount, Execution of Bond, Waiver of Bank Guarantee, Acceptance of the Bond, Bond Register

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....al assessment, for export without payment of duty, for due accountal /disposal of dutiable goods. Format of the bond has been prescribed vide notification No. 6/98-CE (N.T), dated 2.3.1998 and the bond covers following activities:- (a) Transshipment of import/export goods between the port of import/export and unit's premises, Duty free import/domestic procurement of goods, (b) Warehousing/proces....

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.... EOUs, are allowed to stand as surety in their personal capacity. Other corporate bodies of the EOU/SEZ units may also stand surety for a unit. Bond Amount The required bond amount is equal to A+B, where A is 25% of the duty foregone on the Capital Goods, whether indigenous or imported as per sanctioned requirement including duty free Capital Goods installed. B is duty foregone on the raw mat....

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....ownership of unit or change in the constitution. Waiver of Bank Guarantee Units in existence for last three years with unblemished track record having export turnover of rupees five crores or above, are exempted from furnishing Bank Guarantee etc. or Surety along with B-17 bond. Acceptance of the Bond Bond complete in all respects, is to be executed before the jurisdictional Assistant Commis....