hi frnds plz explain this as i m not able to understand debonding concept in CCR (Excise).
The EOU & units of STP/EHTP are custom bonded & are allowed to procure capital goods without payment of excise duty in their premises for manufacture of export. At the time of DEBONDING they are required to pay excise uty on depriciated value of capital goods at the rate applicable on the date of such debonding.
Rule 3 provides that CCR shall be allowed to be taken of the amount equal to central excise duty pai on capital goods at the time of DEBONDING of EOU or units of STP/EHTP.
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