Bonding with customs authorities

Is it mandatory for eou unit to execute bond with customs authorities even if it is not availing duty benefit under 52/2003 notification
Replies (2)
Quick Summary
This discussion clarifies whether an Export Oriented Unit (EOU) is required to execute a bond with customs authorities. The consensus is that it is mandatory for all EOU units, regardless of whether they are availing duty benefits under notification 52/2003. This is because their status as an export-oriented unit necessitates this compliance.

Yes, because it is an export oriented unit

Yes, because it is an export oriented unit

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