TaxTMI 
TaxTMI 
Amendments in the Exim Policy 1992 - 97 relating to EOU / EPZ units - Clarification regarding
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....units - Clarification regarding. I am directed to draw your attention to the amendments in the Exim policy 1992-97 introduced by the Ministry of Commerce w.e.f. 1.4.1995 in so far as they relate to the EOUE /EPZ schemes. In particular, reference is made to the changes in para 96, 115 and 118 of the exim policy. 2. As may be noted, para 96 of the Exim policy details the facility available to ....
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....ould be jointly filed by the leasing company together with the EOU / EPZ unit concerned and consequently the bond for fulfilment of the conditions of the exemption notification has also to be executed by both the persons. Only in such case customs duty benefit will be available. This aspect is to be particularly ensured by the customs in case any imports are noticed under para 96 of the Exim polic....
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.... to compliance with the Exim policy. In other words, if an item is in the negative list of imports then for both warehousing the item as well as for clearances from the warehouse, the warehouse, the import licence must be necessarily ensured. Where by a PN / order DGFT exempts the requirement of licence for import of Negative list Item for warehousing (for e.g. for stock an sale), then at the time....
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.... behalf. 4. By yet another amendment to para 118 of the Exim policy, existing DTA units having an export obligation under the EPCG scheme are permitted to convert into an EOU. Further, on such conversion the export obligations under the EPCG scheme will be made concurrently from the exports by the units as an EOU. In this context, it may be noted that strictly the fulfilment of export obligatio....