TaxTMI 
TaxTMI 
If Eou cant utalize duty free raw materail within period of three year, than custom impose any penlty /interest on the same
Raw Material More Than 3 Years
27 Sep 2012 
2 Replies 
1546 Views Asked by
Utilisation of duty-free raw material: unused imports may be transferred, exported, or disposed in DTA on duty payment.
If an EOU cannot utilise duty free imports within the stipulated period, the FTP permits transfer to another eligible unit (treated as import for the receiver), export, or disposal in DTA with Customs approval upon payment of applicable duties and submission of import authorisation; capital goods/spares may be similarly handled, with depreciation benefit on DTA disposal only where positive Net Foreign Exchange is achieved, and permitted destruction without duty subject to Customs intimation/permission except for specified precious items. (AI Summary)
If an EOU cannot utilise duty free imports within the stipulated period, the FTP permits transfer to another eligible unit (treated as import for the receiver), export, or disposal in DTA with Customs approval upon payment of applicable duties and submission of import authorisation; capital goods/spares may be similarly handled, with depreciation benefit on DTA disposal only where positive Net Foreign Exchange is achieved, and permitted destruction without duty subject to Customs intimation/permission except for specified precious items. (AI Summary)