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
RAMESH KUMAR VERMA
(Expert)
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
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