Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Government Allocates ASIDE Funds to States for Export Projects; EOUs Gain Tax Benefits but Face Penalties for Non-Compliance.</h1> The Assistance to States for Developing Export Infrastructure and Allied Activities (ASIDE) Scheme allocates funds to States and Union Territories based on export performance and population. State Level Export Promotion Committees, led by Chief Secretaries, manage these funds for export-linked projects. A portion is reserved for Central Government agencies. Export Oriented Units (EOUs) benefit from duty-free inputs and tax exemptions but must achieve positive Net Foreign Exchange over five years. Non-compliance results in penalties. The government monitors EOUs through various legal frameworks to prevent misuse. The Minister of State for Commerce and Industry provided this information in the Lok Sabha.