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of <h1>Export Oriented Unit Scheme: Boosting Exports with Duty-Free Imports and Domestic Sales Under Chapter 9 of EXIM Policy</h1> The Export Oriented Unit (EOU) Scheme was established in 1980 to enhance exports by providing flexibility in unit location and offering benefits akin to those in Free Trade Zones. Governed by Chapter 9 of the EXIM Policy (1997-2002), EOUs must export their entire production and can engage in various sectors like manufacturing, software, agriculture, and more. They can import goods duty-free, subject to conditions, and must meet Net Foreign Exchange Earnings and Export Performance criteria. EOUs operate under Customs bond, with specific bonding periods and administrative oversight by Development Commissioners. They can sell a portion of their output domestically, subject to duties, and are allowed subcontracting and inter-unit transfers under regulated conditions. The scheme includes provisions for duty recovery and penal actions for non-compliance, with options for de-bonding into Domestic Tariff Area units under certain conditions.
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