An existing company operating under MOOWR scheme wish to switch over to EOU scheme. Whether the said company apply for an EOU license / permission to Development Commissioner, without canceling the MOOWR license. On receipt of the license /eou approval from DC, then the company wish to transfer the capital goods and materials imported under MOOWR to EOU unit under bond to bond transfer without payment of duty and without physical movement of the goods. Then MOOWR unit will surrender the license.
In the said scenario, is it possible to apply for Eou status license while operating under moowr scheme till the eou license is obtained. the moowr unit and eou unit location is one and the same.
Converting MOOWR to EOU: can unit keep MOOWR, transfer bond-to-bond assets without duty, then surrender license An MOOWR unit seeks to convert to EOU without cancelling its existing MOOWR license and to transfer capital goods/materials bond-to-bond without duty or physical movement. One view advises applying for EOU approval while holding MOOWR, effecting bond-to-bond transfer of assets, then surrendering the MOOWR license after customs reconciliation. Other responses note practical constraints: retaining MOOWR and obtaining EOU at the same premises is generally not permitted and true bond-to-bond transfer may not apply-movement to EOU could require filing a bill of entry for home consumption and settling deferred basic customs duty; a government representation may be needed for relief. (AI Summary)
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