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Debonding in cases where SCN is pending for Adjudication

Central Excise - 100% Export Oriented Unit Scheme - 100% EOU Scheme - 63 - In cases where any show cause notice or demand of duty is pending against the unit, the unit is allowed to debond on furnishing an undertaking on stamp paper to the effect that it would not dispose of its land, building, capital goods etc. till such time the show cause notice is adjudicated and the amount confirmed, if any, paid. This undertaking would be backed by a bank guarantee of, say, 10% of the amount involved in t .....

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