Annual Entitlement

Whati is Entitlement ? 
Bond benefits are implemented through yearly entitlement. A bonder is allowed to import or locally purchase without duty-tax payment for certain amount of raw materials over a specific period of time. This amount of duty-tax free import/purchase is popularly known as Entitlement. The entitlement is allowed for single audit period that is one year from the date of license issue. There are two types of Entitlements:

a. Specific Entitlement: Specific quantity of raw materials is allowed for one year. The quantity depends on production capacity of the bonder. This type of entitlement is applicable for backward linkage industry.
b.
UD-based Entitlement: This type of entitlement depends on the Utilization Declaration and Master LC values.

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CBC CTG Entitlement 2011-2015.pdf553.3 KB
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