EOU Exit - after De-bonding Materials transfer

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..... EOU Exit - after De-bonding Materials transfer
Query (Issue) Started By: - SNEHAL SHAH Dated:- 13-1-2016 Last Reply Date:- 17-1-2016 Customs - Exim - SEZ
Got 11 Replies
Customs
Dear sir, We have apply application to DC for de-bonding of EOU unit . We have received NOC from Excise authority for Capital Goods & RM,SFG & FG . Now question is that can I sale or transfer Capital Goods , .....

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..... RM ,SFG after full duty payment at the time of de-bonding or fulfillment of Export Obligation . Please suggest and advice to us . Thanks and Regards, SN Reply By Mahir S: The Reply: Snehal ji, Raw materials, semi-finished and finished goods including containers suitable of repeated use lying in stock at the time of de-bonding can be cleared on payment of duty on their value at the time of i .....

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..... mport and at the rate of duty in force on the date of payment of such duty. Reply By KASTURI SETHI: The Reply: I fully agree with Sh.Mahir S.Sir. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I also agree. Reply By Ganeshan Kalyani: The Reply: If some items are old and to be scrapped out will in that also the duty need to paid while clearing from EOU. Reply By KASTURI SETHI: The Reply: Yes.Ol .....

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..... d and used capital goods have to be cleared on payment of duty to be calculated at depreciated value by straight line method. Reply By Ganeshan Kalyani: The Reply: Thanks Kasturi Sir. Reply By Mahir S: The Reply: Sir, After exit from EOU, the unit becomes a normal manufacturing DTA unit. Hence, all the excise rules , regulations and procedures prescribed there are thereafter applicable to the .....

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..... unit, including for the sale of old and scrapped items. Reply By Mahir S: The Reply: Respected Sirs, Thanx for the appreciation, Reply By KASTURI SETHI: The Reply: Agreed with Sh.Mahir S. Sir. In a layman's language after exit, EOU loses its VIP status i.e. bonanza for all taxes and perks. thereafter, the unit is also called PBC (Production Based Control) unit.Just for information pl. Re .....

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..... ply By SNEHAL SHAH: The Reply: Thanks to all of you for best support & guide . Regards, SNEHALSHAH Reply By Mahir S: The Reply: Thanx and all the best Snehal ji..
Discussion Forum - Knowledge Sharing .....

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