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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Tightens Verification for Procurement and Re-warehousing Certificates Under EOU Scheme to Prevent Duty Exemption Misuse.</h1> The circular outlines the procedures for verifying Procurement Certificates (PCs) and monitoring Re-warehousing Certificates (RWCs) for imports under the Export Oriented Unit (EOU) Scheme. Duty exemptions are granted based on PCs issued by Central Excise or Customs Authorities, but discrepancies have been noted. A random check of PCs will be conducted, and verification is mandatory for first-time importers. RWCs must be submitted within 90 days to complete duty exemption conditions. The document details warehousing procedures, including self-bonding for EOUs with significant export turnover. EOUs must urgently submit pending RWCs to avoid penalties, with over 7000 RWCs pending.
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