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De-bonding of Imported Capital Goods

ArunSuraj (Accountant) (23 Points)

08 January 2008

What are procedures for de-bonding imported capital goods what are the documents to be produced.

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Ramesh Kothari (Manager-EOU commercial) (161 Points)
Replied 10 February 2008

Are you a 100% EOU or the goods bonded in the Bonded ware house as and when like to de-bond the CG from the Bonded ware house file a application to Concern DC of SEZ for debondiong they will issue a In Principle Approval for the same to you under CC to concern Customs Excise authority for the further action/procedure They will asses the value of the duty after calculating the depreciation for utilsation of CG in bond and you have to pay the duty for remaining period of bond Any pending documents relaltes to the bond has to submitted or any quarry of the Authority has to be mitigate accordingly after satisfying by the authority they will issue a NOC to under copy to DC SEZ then finally the CG will debond Ramesh Kothari