EOU UNIT CAN TAKE BENIFIT OF NOT NO.12/2012 CUS dt 17.03.2012

[SNEHAL SHAH]

Dear sir,

We are manufacturing of pharma products and one unit is EOU unit . We are importing/procure raw materials and other materials with out payment of duty means getting full exemption under notification no. 52/03 as dated 31.08.2003 . We also apply application for EOU exit .

Can we take benefit of both Notification means 52/03 and 12/2012 for duty exemption because after getting NO DUE CERTIFICATE From Development commissioner we have to procure all materials with payment of duty , so for duty saving purpose we want to procure RM under not 12/2012 cus.

Kindly suggest sir ,

Regards,

SNEHAL SHAH

[CSSANJAY MALHOTRA]

Exit from EOU means that Benefit under Notification No. 12/2012-Customs is available and not under 52/03 as the same is applicable to EOU units.

[Mahir S]

Till you exit from EOU, you can avail benefit of noti. no. 52/03. after that you can avail benefit of notif no. 12/2012.

AI Summary

Duty exemption eligibility: EOU units use in EOU exemption until exit, then post exit customs exemption governs procurements. EOU units may claim exemption under Notification No. 52/03 while remaining EOUs; upon exit and after obtaining a No Due Certificate, entitlement under Notification No. 52/03 ceases and duty relief for subsequent procurements is governed by Notification No. 12/2012-Customs.