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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Committee Proposes EOU Scheme Revamp: Extend LoP, Align Goods Usage, Warehousing Near Ports, Simplify Reporting.</h1> A committee was established to review and revamp the Export Oriented Unit (EOU) Scheme to enhance its appeal to investors and align it with the Special Economic Zone (SEZ) scheme. Key recommendations include extending the validity of the Letter of Permission (LoP) for EOUs, aligning the usage period of goods with the LoP duration, allowing EOUs to set up warehousing facilities near export ports, and permitting inter-unit transfer of goods to optimize logistics. The self-warehousing and self-certification threshold was reduced to Rs 10 Crore. A single reporting format for EOUs is proposed to streamline documentation.
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