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TMI BlogSetting up of EOU, Minimum Investment Criterion and ApprovalsX X X X Extracts X X X X X X X X Extracts X X X X ..... nds or semi-precious stones, floriculture, horticulture or other agricultural products units including agro processing, aquaculture, animal husbandry, Pisciculture, Viticulture, Poultry, Sericulture, bio-technology and quarrying of granites or cutting of marbles can also be set up. Minimum Investment Criterion Only projects with investment of ₹ 1 crore and above (except in cases of certain specified sectors such as EHTP/STP/BTP, Handicrafts/agriculture/ floriculture /aquaculture /animal husbandry /information technology, services, Brass Hardware and Handmade Jewellery sectors, and such other sectors as decided by BOA) in plant machinery are considered. All goods and services except items that are prohibited in ITC (HS) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Unit Approval Committee, in brief, are as under:- To consider application for setting up an EOU under the automatic route. To consider and permit conversion of EOU to SEZ unit. To monitor the performance of EOUs. To grant all approvals and clearances relating to the establishment, changes in constitution or activity, operation of EOU and take action for violations, if any. To perform any other function as may be delegated by the Central Govt./State Govt. or its agencies. Procedure for Approval of an EOU For setting up a manufacturing or Service sector EOU, three copies of application in the format prescribed in Appendix 14-I-A of HOP, Vol. I are required to be submitted to the jurisdictional Development ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d of six months of expiry of the approval period, the DC is required to cancel approval under EOU scheme. In case, the unit exercises their option to continue after expiry of six months as stipulated above, DC is empowered to grant extension after obtaining approval of BOA. Sector Specific Requirements for Approval of Unit under EOU Scheme [Specified in Appendix 14-I-C of HOP, Vol. I ] (1) Coffee: Export of imported coffee shall be subject to approval from Coffee Board under relevant Act. (2) High Grade Iron Ore : Proposals for export of high grade i.e. 64% Iron Ore and above, except Iron Ore of Goa origin and Redi origin are presently canalized through MMTC and its exports would be subject to approval of the Board ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lying unit. (iii) The unit will obtain permission of the Assistant Commissioner of Customs/Central Excise for sale of surplus power in the DTA, after obtaining permission from the SEZs under the relevant statute. Duty on sale of power to the DTA shall be as per the notification of the Department of Revenue in this regard. (iv) Due care shall be taken by the Development Commissioner/Board of Approval while approving the power plants by EOU/SEZ units vis- -vis their actual requirement. (5) Guidelines for the existing Plastic Processing Units: The following are guidelines for the existing plastic units under EOU scheme:- (a) Extension of LOP of the existing units under EOU Scheme may be granted based on the terms condition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be allowed with exemption benefits as per the existing Policy. However, the facility of DTA sale under para 6.8 or 6.9 of Foreign Trade Policy shall not be allowed. (10) Spices (Covered by Chapter 9 of the ITC (HS) Classifications of Export Import Items, 2004-09 ): Duty free imports of spices for export shall be permitted only for value addition purposes like crushing/grounding/ sterilization or for manufacture of oils and oleo-resins and not for simple cleaning, grading, re-packing etc. A minimum value addition of 15% is required to be achieved. (11) Gems and Jewellery Products: The minimum value addition on each consignment shall be in terms of Para 4A.2.1 of the Handbook of Procedures. - Manuals - Ready rec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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