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TMI BlogRecommendations of the Committee on Review and Revamp of EOU Scheme regd.X X X X Extracts X X X X X X X X Extracts X X X X ..... make them complementary to each other and aligning the EOUs to make them more globally competitive. 2. The recommendations submitted by the Committee were subsequently examined in consultation with line ministries. Based on such consultation, the following measures are taken to implement the accepted recommendations: Validity of the period of Letter of Permission (LOP) issued to EOU: LoP issued to an EOU will have an initial validity for a period of 2 years to enable the Unit to construct the plant and install the machinery. The next extension of one year may be given by the DC for valid reasons to be recorded in writing. Subsequent extension of one year may be given by the UAC subject to condition that two-thirds of activitie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of infrastructure facilities it has been decided that sharing of facilities among EOUs may be considered by the UAC on case-to-case basis and the recommendations be sent to the BoA for final approval. While accepting such proposals, the NFE obligations of the Units shall not be altered. However, sharing of facilities between EOIJs and SEZs Units should not be permitted. Inter-Unit transfer (IUT) of goods services : In order to facilitate a group of EoUs which sources inputs centrally to obtain bulk discount, reduce cost of transportation and other logistics cost and to maintain effective supply chain, IUT of goods and services will be permitted on a case to case basis by the UAC. Further, the procedure for Inter-Unit Tra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the data and figures relating to export, import, DTA sale, deemed export sale, IUT, sale of goods as such, destruction, payment of duty etc. and devise simplified records,to be maintained by EOUs. Extension of time for submitting shipping bill for export made under self-sealing / self certification: It has been decided to increase the mandatory requirement to submit Shipping Bill within 24 hrs to 48 hrs as it is sometimes difficult to reach jurisdictional Central Excise office within 24 hrs from the port of export. 3. The above issues with the approval of Competent Authority. (Madhup Vyas) Deputy Secretary to the Government of India E mail : [email protected] Tel No.: 23063294 Fax No.: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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