Debonding from STPI

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CA Manoj Dudeja (Querist)

29 June 2011 Sir,

I have 1 Quary regarding debonding from STPI - NOIDA.

I have already submitted my application for debonding of Unit from STPI.

Now i want to move for Debonding of Goods and premises.

What should i do now?

What is document requirement and How should i calculate duties on imported Capital Goods?

Pls do the needful. Its Urgent.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

29 June 2011 refer to write a letter to the concerned D.C.
and :-

Circular No.8/2004-Customs dated 28.1.2004

contact:-

https://www.chennai.stpi.in/contact.htm

https://www.caclubindia.com/experts/debonding-of-capital-goods-procedure-326535.asp

Message likes : 1 times

CA Manoj Dudeja

CA Manoj Dudeja (Querist)

29 June 2011 Dear Verma Sir,

Thanks for Reply.

But still my query is pending.

i want procedure for NOIDA STPI and Gurgaon ACES office.

Pls sir, do the needful.

Thanks in Advance.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

30 June 2011 DE-BONDING OF STP/EHTP UNITS in noida :

1. In case a STP/EHTP unit is unable to utilize the imported goods including the Capital Goods (for valid reasons) the unit re-export or dispose them in DTA on payment of applicable duties and submission of import license, by the DTA unit. Supply from one EOU/EPZ/EHTP/STP unit to another such unit is treated as import under this para.

2. Imported machinery/capital goods which are obsolete are disposed off, subject to payment of customs duties on the depreciated value thereof. The depreciation and rate of custom / Excise duty on the goods are imposed by the custom/ excise authorities as per the norms applicable at the time of debonding.

3. Following documents are enclosed alongwith the request of debonding:
i) Duly filled up format no.15-F-13 certified by the CA.
ii) Original Green Card/ RCMC.

4. Following checks are required:

i) Whether the party is meeting export obligation/ NFEP/ Minimum export performance or Not. If the party is not meeting export obligation/ NFEP/ Minimum export performance the case is referred to DGFT for Non-full fillment export obligation/ NFEP/ Minimum export performance.
ii) Whether the party has paid all outstanding dues of STPI.

After the receipt of the above said documents & calculation of export obligation/ NFEP/ Minimum export performance a note is prepared & put up to Director for approval for in-principle debonding of the unit. After the approval of Director in-principle permission letter is issued to the units subject to payment or applicable Customs and Excise duties. The unit is also required to fulfill the other licensing conditions if they intend to continue as a DTA unit. In case the unit is not fulfilling the export obligation and other conditions of Letter of Approval, the case is forwarded to DGFT to take the penal action for non-fulfillment of conditions of letter of Approval. The unit is also required to pay the applicable Customs and Excise duties. In case the unit has not fullfilled the export obligation the party has to execute a legal undertaking with DGFT.

After fullfilling the conditions enclosed with the in-principle permission of debonding the party has to approach STPI-N for issuance of final permission for debonding. Thereafter a note is prepared & put up to Director for approval. After the approval of Director a letter of final permission for debonding is issued to the party.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

30 June 2011 another link is:

https://www.noida.stpi.in/html/file2.asp?ID=27

Message likes : 1 times

CA Manoj Dudeja

CA Manoj Dudeja (Querist)

30 June 2011 Thanks a lot sir g for such a useful information.

Today i visited Custom & Excise office for Debonding of Capital Goods and Calculation of Duty required to Pay for debonding of
Capital Goods.

But i did not get conclusion for that.
Pls Sir, Clarify me :

For Debonding of Capital Goods

1. Should i pay duty on Depreciated value of imported Capital Goods before submission of Application for Principal approval of debonding from STPI?

Or

2. should I wait for Principle Approval?

3. If duty will be deposited after principal approval, then tell me procedure of Debonding of Capital Goods?

Thanks & Regards
CA Manoj Dudeja
+91-8860212993

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