Automatic approval criteria for EOU units emphasize promoter documentation, site inspection, and heightened checks for sensitive sectors. Automatic approval under the EOU scheme requires the Unit Approval Committee to verify promoter credentials-residence proof, three years of income tax returns, experience, and marketing tie ups-conduct site inspection for EOUs, and check for pending diversion cases. Personal interviews may be used unless promoters are well established. Recycling units must show ingot making and value addition. Projects in sensitive sectors require personal verification of directors and factory inspection before signing the LUT, with verification possibly carried out by designated local officials.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Automatic approval criteria for EOU units emphasize promoter documentation, site inspection, and heightened checks for sensitive sectors.
Automatic approval under the EOU scheme requires the Unit Approval Committee to verify promoter credentials-residence proof, three years of income tax returns, experience, and marketing tie ups-conduct site inspection for EOUs, and check for pending diversion cases. Personal interviews may be used unless promoters are well established. Recycling units must show ingot making and value addition. Projects in sensitive sectors require personal verification of directors and factory inspection before signing the LUT, with verification possibly carried out by designated local officials.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.