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of <h1>Export Oriented Units Scheme Boosts Exports with Duty-Free Imports and Tax Benefits Under Chapter 6 of Foreign Trade Policy.</h1> The Export Oriented Units (EOU) scheme, initiated in 1980, aims to enhance exports by allowing units to be set up with flexibility in location and offering benefits similar to those in Free Trade Zones. Governed by Chapter 6 of the Foreign Trade Policy, EOUs can engage in manufacturing, services, and various other sectors, with the requirement to export their entire production. Benefits include duty-free procurement of materials, tax reimbursements, and fast-track clearances. EOUs must adhere to customs and excise exemptions, and they undergo monitoring by Development Commissioners. The scheme allows for duty-free importation, warehousing, and specific sales in the Domestic Tariff Area, with conditions for duty payments and performance monitoring. EOUs can also engage in subcontracting and inter-unit transfers, with provisions for de-bonding and exit from the scheme.
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