Customs Duty Exemption

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A company undertakes a contract of an EOU unit for procurement and installation of a machinery. Whether it can procure such capital good with duty exemption. If yes, what is the procedure involved ??

AI Summary

Company's Plan to Install Machinery Hits Snag: No Customs Duty Exemption for Export Oriented Units Under Current Provisions. A company involved in a contract with an Export Oriented Unit (EOU) seeks to procure and install machinery with a customs duty exemption. The inquiry asks if such procurement is possible and what procedures are required. The sole reply indicates that there is no provision allowing for customs duty exemption in this context.