100% EOUs - 25% sale into DTA by a 100% EOU - Minutes of the 5th Meeting of 100% - with C.C., Bombay held on 12.11.1986 - Customs - F.No. 305/36/87-FTT

100% EOUs - 25% sale into DTA by a 100% EOU - Minutes of the 5th Meeting of 100% - with C.C., Bombay held on 12.11.1986 F.No. 305/36/87-FTT Dated: 11-3-1987 Government of India Ministry of Finance Department of Revenue Central Board of Excise Customs New Delhi Subject :- 100% EOUs - 25% sale into DTA by a 100% EOU - Minutes of the 5th Meeting of 100% - with C.C., Bombay held on 12.11.1986 - Regarding. The undersigned is directed to refer to para (b) of the minutes of the 5th Meeting of 100% EOUs held with you on 12.11.1986 on the above subject and to say that 25% of the products of a 100% EOU permitted to be sold into DTA has to be against payment of duty as prescribed under proviso to section 3 of the Central Excises Salt Act, 1944. In terms of this provision, a duty of excise equal to the aggregate of the duties of Customs leviable on like goods, if imported, is leviable on such clearances. An import licence is also required for permitting such clearance to the DTA in terms of Appendix 23 of the Import Policy. For permitting such 25% sale, an approved 100% EOU has to obtain specific approval of the Export Commissioner in the Office of the Chief Controller of Imports Exports in terms of the Circular No. REP-21/85 dated 5.9.1985. You may please modify your minutes of the meeting to the above extent.