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

Central Excise - 100% Export Oriented Unit Scheme - 100% EOU Scheme - 09 - B-17 Bond A single Bond referred to as Mother Bond in the Form B-17 (Gen. Surety /Security) is required to be executed for duty free import, domestic procurement, provisional .....

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import/export goods between the port of import/export and unit s premises, Duty free import/domestic procurement of goods, (b) Warehousing/processing of goods in the unit, (c) Movement of duty free goods for job work & return, (d) Temporary clear .....

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for which a separate bond is required to be executed. The units are required to give either surety for the bond amount or furnish 5% of the bond amount as Bank Guarantee or any other Govt. approved security. The solvency of surety may be certified b .....

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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 r .....

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the duty foregone, additional/revised bond is required to be executed. Execution of Bond The bond is required to be executed on non-judicial stamp paper by the Managing Director or the Director of the company who have been duly authorised for this pu .....

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of firms, all the partners are required to sign the bond. Bond is required to be revised (re-executed) whenever there is a change in ownership of unit or change in the constitution. Waiver of Bank Guarantee Units in existence for last three years wi .....

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isdictional Assistant Commissioner/Deputy Commissioner of Central Excise. Bond Register Original Bond is to be kept safely in the office of jurisdictional Assistant Commissioner / Deputy Commissioner after allotting Bond Nos. and bond values to be me .....

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