TaxTMI 
TaxTMI 
what compliance to be made by manufacturing company which is engaged in export in customs /foregin trade policy, it is EOU
compliance for customs
25 Jan 2013 
1 Reply 
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EOU compliance requires prescribed records, statutory returns and procedures, plus cenvat invoicing and audit readiness.
An Export Oriented Unit must maintain prescribed records and submit applicable ER returns, remain subject to periodical departmental audits, raise cenvat invoices and follow the ARE-1 export procedure; operators should consult EOU procedural manuals and public notices from the central excise and customs commissionerate for compliance guidance. (AI Summary)
An Export Oriented Unit must maintain prescribed records and submit applicable ER returns, remain subject to periodical departmental audits, raise cenvat invoices and follow the ARE-1 export procedure; operators should consult EOU procedural manuals and public notices from the central excise and customs commissionerate for compliance guidance. (AI Summary)