https://www.taxtmi.com/acts?id=19544 Procedures allow a sick EOU to seek revival by submitting a revival package through the Development Commissioner to the Board of Approval, which may grant an extension for fulfilment of NFE and permit carrying forward unutilised raw material and imported/domestically procured capital goods at original value; the unit's LUT is to be revised on extension. Alternatively, the Board may approve takeover of all assets and liabilities or permit transfer of capital goods and raw materials to another EOU (treated as domestically sourced for NFE). Rental liabilities for exit are payable and adjudication proceedings under the FTDR Act remain in abeyance during revival/takeover consideration. en-us Fri, 17 Apr 2015 15:11:21 +0530 Mon, 10 Sep 2018 13:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19544 Procedures allow a sick EOU to seek revival by submitting a revival package through the Development Commissioner to the Board of Approval, which may grant an extension for fulfilment of NFE and permit carrying forward unutilised raw material and imported/domestically procured capital goods at original value; the unit's LUT is to be revised on extension. Alternatively, the Board may approve takeover of all assets and liabilities or permit transfer of capital goods and raw materials to another EOU (treated as domestically sourced for NFE). Rental liabilities for exit are payable and adjudication proceedings under the FTDR Act remain in abeyance during revival/takeover consideration. Act-Rules DGFT Fri, 17 Apr 2015 15:11:21 +0530 https://www.taxtmi.com/acts?id=19544