9911796707
TMI Blog100% EOU - DTA Clearance - conditions, safeguards and procedures for supply of items like tags, labels, printed bags, stickers, belts, buttons and hangers for the purpose of their exportation out of IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... for supply of items like tags, labels, printed bags, stickers, belts, buttons and hangers (hereinafter referred as specified goods ) produced or manufactured in an Export Oriented Undertaking (hereinafter referred to as EOU) and cleared without payment of duty to a Domestic Tariff Area (hereinafter referred to as DTA) unit in terms of Para 6.09 (g) of Foreign Trade Policy, 2015-20 , for the purpose of their exportation out of India (hereinafter referred as specified purpose ), namely:- 1. Conditions:- (i) the EOU shall furnish a general bond in the Form specified in Annexure-I to the Ministry of Finance (Department of Revenue) notification No. 42/2001-Central Excise (N.T.), dated the 26th June, 2001 , as amended from tim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds, like their description, quantity, value, etc., and reference of invoice number under which the said specified goods were received from the EOU. The value of the specified goods should not be less than the value of these goods removed by EOU: Provided that in case of shipping bill filed claiming the benefits under any export promotion scheme, the FOB value of consignment exported shall exclude the value of specified goods procured from EOU for the purpose of claiming such benefits; (ii) the EOU will submit attested photocopy of the shipping bill (EP copy), Customs attested copy of invoice and self-attested photocopy of bill of lading or air way bill to the jurisdictional Central Excise and Customs Superintendent for verificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing transport from the place of procurement to the DTA exporter and no wastage of the specified goods shall be allowed and duty on such goods lost or destroyed shall be payable by the EOU, alongwith interest and penalty, if any, in accordance with provisions of Central Excise Act, 1944 (1 of 1944). Explanation 2.- For the purpose of this notification,- (i) Export Oriented Undertaking has the same meaning as assigned to hundred per cent. export oriented undertaking in clause (ii) to the Explanation of sub-section (1) of section 3 of the Central Excise Act, 1944 ( 1 of 1944); (ii) Domestic Tariff Area means India except Special Economic Zone and hundred per cent. export oriented undertakings; (iii) Foreign Tra ..... X X X X Extracts X X X X X X X X Extracts X X X X
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