Exit from EOU

23 May 2011

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RAMESH ANANTHAKRISHNAN

Advance Authorisation scheme may require SION or adhoc norms for exiting EOU and obtaining waste allowance.
A 100% EOU that rewinds synthetic filament into plastic spools seeks to exit EOU status and obtain an Advance Authorisation with applicable waste allowance where import and export items share the same tariff classification. The advice: determine whether Standard Input Output Norms (SION) apply; if SION are not fixed, apply for adhoc norms, which may later be converted into SION, to secure the Advance Authorisation and waste entitlement. (AI Summary)

We have a unit where we manufacture plastic spools. We import/buy synthetic filaments in bulk packings and subsequently rewond into small packings on the bobbins made out of us. This is a 100% EOU. We would like to come out from EOU status. Our issue is the import product and also export product falls under the same CETH (Except production of plastic spools there is no manufacturing activity). In this situation shall we get Advance License from the authorities with applicable waste %.

Kindly advise.

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