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of <h1>Valuation of Plastic Waste in EOUs, EPZs, SEZs: Use CIF Value at Import for Customs Duty Purposes.</h1> The circular addresses the valuation of plastic waste and scrap by Export Oriented Units (EOU), Export Processing Zones (EPZ), and Special Economic Zones (SEZ) when sold or cleared to other units or Domestic Tariff Area (DTA) units. It clarifies that waste and scrap not generated from the manufacturing process but from segregation after import should be valued based on the Cost, Insurance, and Freight (CIF) value at import for customs duty purposes. This applies to both inter-unit and inter-zone transfers. The circular advises issuing a Standing Order or Public Notice to inform all concerned parties and requests feedback on implementation challenges.
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