Duty-free imports for EOUs require customs bonding, NFEP/EP compliance and record-based controls to prevent diversion. The Notice sets out that 100% EOU/STP/EHTP units may import capital goods, inputs and specified equipment duty free for export production subject to customs bonding of premises, execution of the multi purpose B 17 bond with required security, compliance with Customs and Central Excise exemption notifications, and achievement of prescribed Net Foreign Exchange Performance and Export Performance. It prescribes operational procedures for import/export clearances, warehousing periods and extensions, DTA sale valuation at concessional excise rates, sub contracting/inter unit transfers under transit documentation, and recovery, de bonding and enforcement mechanisms for non compliance.
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.
Duty-free imports for EOUs require customs bonding, NFEP/EP compliance and record-based controls to prevent diversion.
The Notice sets out that 100% EOU/STP/EHTP units may import capital goods, inputs and specified equipment duty free for export production subject to customs bonding of premises, execution of the multi purpose B 17 bond with required security, compliance with Customs and Central Excise exemption notifications, and achievement of prescribed Net Foreign Exchange Performance and Export Performance. It prescribes operational procedures for import/export clearances, warehousing periods and extensions, DTA sale valuation at concessional excise rates, sub contracting/inter unit transfers under transit documentation, and recovery, de bonding and enforcement mechanisms for non compliance.
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