In case of B-17 bond executed by EOU/STP/EHTPs in capacity of Proprietorship or partnership firm, surety cannot be given by Proprietor/ partner himself. Such sureties must be given by an independent legal entity other than the Proprietor/ Partner of the concerned Proprietorship/ Partnership EOU firm.
[Circular No. 03/2021-Customs 03rd February, 2021]
Arbitration & Conciliation (Amendment) Bill, 2021 introduced in Lok Sabha
