Debonding of premises from custom
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2013
please let me know the procedure of debonding of our premises from custom,as STPI has announced with a cercular that it is not madatory for the 100% export units, those are not import any capital goods to bond their premises with custom.
please guide...
thanks in advance
please guide...
thanks in advance
24 January 2013
The unit intending to exit out of the EOU/EHTP/STP scheme is required to intimate the Development Commissioner in case of EOU or Director STPI/designated officer in case of STP/EHTP units and jurisdictional Customs and Central Excise authorities in writing.
The units are required to assess the duty liabilities arising out of such debonding of its own and submit such assessment to the jurisdictional Customs/Central Excise authorities. The Customs and Central Excise authorities are required to confirm the duty liabilities on priority within 15 working days. After clearance of all dues, the unit obtain “No Objection” from the Customs/Central Excise authorities.
On the basis of “No Dues’ Certificate, issued by the Customs/Central Excise authorities, the unit apply for final debonding to the Development Commissioner (Director STPI/designated officer in case of STP/EHTP units). In case, no proceedings are pending under Foreign Trade (Development & Regulation) Act, 1992, the Development Commissioner (Director STPI/designated officer in case of STP/EHTP units) is required to issue the final debonding order within a period of 7 working days.
During the period between the date of receipt of “No Dues Certificate” issued by Customs/Central Excise authorities and the date of issuance of final debonding order, the unit is not entitled for any duty free import/procurement of goods.
more info:
https://www.soft.net/hindi/images/pdf/Procedure-Debonding-Premise.pdf
The units are required to assess the duty liabilities arising out of such debonding of its own and submit such assessment to the jurisdictional Customs/Central Excise authorities. The Customs and Central Excise authorities are required to confirm the duty liabilities on priority within 15 working days. After clearance of all dues, the unit obtain “No Objection” from the Customs/Central Excise authorities.
On the basis of “No Dues’ Certificate, issued by the Customs/Central Excise authorities, the unit apply for final debonding to the Development Commissioner (Director STPI/designated officer in case of STP/EHTP units). In case, no proceedings are pending under Foreign Trade (Development & Regulation) Act, 1992, the Development Commissioner (Director STPI/designated officer in case of STP/EHTP units) is required to issue the final debonding order within a period of 7 working days.
During the period between the date of receipt of “No Dues Certificate” issued by Customs/Central Excise authorities and the date of issuance of final debonding order, the unit is not entitled for any duty free import/procurement of goods.
more info:
https://www.soft.net/hindi/images/pdf/Procedure-Debonding-Premise.pdf
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Missed TDS
- TDS refund Indemnity Bond
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- DUE DATE FOR ITR FILING
- U/S 194 T
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
