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of <h1>Export Oriented Units Scheme: Boosting Exports with Duty-Free Imports and Licensing Exemptions Under Chapter 6 of Foreign Trade Policy.</h1> The Export Oriented Units (EOU) scheme, introduced in 1980, aims to boost exports by allowing units to be set up with the freedom of location and benefits similar to those in Free Trade Zones. Governed by Chapter 6 of the Foreign Trade Policy, the scheme now includes Electronics Hardware Technology Parks, Software Technology Parks, and Biotechnology Parks. EOUs can engage in various sectors like manufacturing, services, agriculture, and more, with the exception of prohibited exports. Benefits include duty-free import of raw materials, reimbursement of Central Sales Tax, CENVAT credit, fast-track clearance, and exemption from industrial licensing.
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