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    <title>Exemption to specified goods imported on procured by EOU&#039;s, STP Units, EHTP units etc. for specified purposes</title>
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    <description>Exemption from customs duties (including integrated tax and compensation cess and applicable additional duties) is provided for specified goods imported or procured for use by EOUs, STP, EHTP and related units for export oriented activities, subject to Development Commissioner authorisation, prescribed import procedures, execution of bonds, maintenance of accounts and conditions imposed by customs officers. Non compliance, non use, re export failures or shortfall in prescribed Net Foreign Exchange earnings attract duty with interest, and the notification sets out procedural flexibilities for re export, temporary removal, inter unit transfers, sectoral exceptions and sanctioned disposal routes.</description>
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    <pubDate>Mon, 31 Mar 2003 00:00:00 +0530</pubDate>
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      <description>Exemption from customs duties (including integrated tax and compensation cess and applicable additional duties) is provided for specified goods imported or procured for use by EOUs, STP, EHTP and related units for export oriented activities, subject to Development Commissioner authorisation, prescribed import procedures, execution of bonds, maintenance of accounts and conditions imposed by customs officers. Non compliance, non use, re export failures or shortfall in prescribed Net Foreign Exchange earnings attract duty with interest, and the notification sets out procedural flexibilities for re export, temporary removal, inter unit transfers, sectoral exceptions and sanctioned disposal routes.</description>
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