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of <h1>Finance Ministry Clarifies Customs Procedures for 100% EOUs; Recommends Flexible Warehousing and Waiver of Interest.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the Export Oriented Units (EOU) scheme, clarifying customs procedures for 100% EOUs. It highlights the exemption of certain imports essential for production under notification No. 13/81-CUS and emphasizes flexible application of warehousing provisions. The circular advises against requiring space certification for imported goods, which delays clearance, and recommends liberal extension of warehousing periods and waiver of interest. It also suggests issuing private bonded warehousing licenses for the entire export obligation period, aligning with the Letter of Approval, to prevent delays and harassment of EOUs.
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