https://www.taxtmi.com/acts?id=19419 Framework permits revival of sick EOU units via a revival package to the Board of Approval, allowing extension of the period for fulfillment of NFE obligations up to five years and carry-forward of unutilized raw materials and capital goods at original value, with corresponding revision of the LUT. The Board may approve transfer or takeover of assets and liabilities; transferred inputs are treated as domestically sourced for the acquiring EOU's NFE. Rental liabilities persist but pass to an acquiring unit on undertaking, with no penal interest for pre-takeover closure; adjudication under the FTDR Act remains in abeyance if revival/takeover is approved. en-us Mon, 13 Apr 2015 18:24:31 +0530 Mon, 13 Apr 2015 18:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19419 Framework permits revival of sick EOU units via a revival package to the Board of Approval, allowing extension of the period for fulfillment of NFE obligations up to five years and carry-forward of unutilized raw materials and capital goods at original value, with corresponding revision of the LUT. The Board may approve transfer or takeover of assets and liabilities; transferred inputs are treated as domestically sourced for the acquiring EOU's NFE. Rental liabilities persist but pass to an acquiring unit on undertaking, with no penal interest for pre-takeover closure; adjudication under the FTDR Act remains in abeyance if revival/takeover is approved. Act-Rules DGFT Mon, 13 Apr 2015 18:24:31 +0530 https://www.taxtmi.com/acts?id=19419