Friday, January 22, 2010

Whether Customs bonding u/s 58 & 65 of CA-1962 is compulsory in case EOU using indigineous material only,?

Bonding is used while raw material is imported without payment of custom duty.The condition is that you will export the same. But in case of indigenous goods the question of bonding does not arise unless there is exemption on central or local taxes. Please veryify again with superintendant of customs in your place.

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