EOU scheme: relax space certificate and warehousing formalities, allow liberal extensions and license terms matching export obligations. The circular directs flexible application of the Warehousing Chapter to 100% EOUs engaged in export production, disallows rigid insistence on a space certificate for movement of imports to EOUs that hold a private bonded warehouse licence, and requires that such licences be issued for the unit's full export obligation period, with liberal consideration of warehousing extensions and restraint in issuing interest demands.
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EOU scheme: relax space certificate and warehousing formalities, allow liberal extensions and license terms matching export obligations.
The circular directs flexible application of the Warehousing Chapter to 100% EOUs engaged in export production, disallows rigid insistence on a space certificate for movement of imports to EOUs that hold a private bonded warehouse licence, and requires that such licences be issued for the unit's full export obligation period, with liberal consideration of warehousing extensions and restraint in issuing interest demands.
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