Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Supplies to EOU/EPZ, DTA sales, Investment criteria and other issues pertaining to the EOU/ EPZ Scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng holder and is akin to imports , it has been decided that such supplies may be allowed by EOU/EPZ units against the licence/ certificate without the need to convert the same into ARO by amending the para 4.1.8 as under: 4.1.8: "An Advance Licence holder or a holder of DFRC, intending to source the inputs from indigenous sources/state trading enterprises in lieu of direct import has the option to source them against Advance Release Orders denominated in foreign exchange / Indian Rupees. The transferee of a DFRC shall also be eligible for ARO facility. However, supplies may be obtained against the licence from EOU/EPZ/EHTP/STP/ SEZ units, without conversion into ARO. 2) A decision has been taken to mandate the production of a specific e .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , not apply to existing units and units in EPZ/EHTP/STP/Agriculture floriculture/acquaculture/animal husbandry/information technology, handicrafts, services and such other sectors as may be decided by the BOA). Applications for setting up of EOU/EPZ/EHTP/STP units, satisfying the conditions mentioned in paragraph 6.7 of the Handbook (Vol.I) may be approved by the concerned Development Commissioner within 15 days." 5) Para 6.8 (f) is amended as under in order to clarify that sale of finished products which are freely importable are permitted by EOU/EPZ units on payment of full duties, if they have achieved NFEP/EP as per Appendix 1 of the Policy : 6.8(f): "EOU/EPZ/EHTP/STP units may be permitted to sell finished products which are freely .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ge of Export Performance, if any, on the supplier (iii) Benefit of DEPB in lieu of Drawback for supplies made to SEZ or unit in SEZ. Notwithstanding the above, SEZ units shall, on production of a suitable disclaimer from the DTA supplier, be eligible for obtaining the entitlements specified in paragraph 8.3 of the Policy. For the purpose of claiming entitlements at paragraph 8.3 (b), they shall get Brand Rates fixed by the DGFT wherever All Industry Rates of Drawback are not available. 7) The last sentence of Para 6.16 (b) provides for destruction of goods with the permission of Customs authorities. In order to clarify that all kinds of obsolete goods could be destroyed, it is proposed to substitute 6.16 (b) as under on the lines o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates