EOUs- Bonding Procedure Liberalised

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.... degree of supervision of the departmental officers on movement of raw materials, components, finished goods and manufacturing process and accounting of the same in an EOU has been under the review of the Board for some time. The Board has since amended the "Manufacture and Other Operations in Warehouse Regulations, 1966" by notification No. 44/ 98-Customs (NT) dated 2.7.1998 to provide operationa....

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....s' premises, clearance to other EOUs, export and sale into DTA can be made by the manufacturer himself subject of his recording of each transaction in the records  prescribed by the Board/ Commissioners or their private records approved by the Commissioners. (ii) As physical control is being abolished, greater stress needs to be given on proper maintenance of prescribed records/ ....

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....sionally with the Superintendent incharge of the next unit to see whether the goods have been actually received in the unity or not. In case of non receipt of rewarehousing certificate and similarly proof or export of export from the proper officer, within 90/180 days, the duty shall be demanded from the sending unit immediately. (iv) Audit of the unit : The presently sanctioned ....

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....oods have been given to the EOUs, extra responsibility devolves on the cost recovery officers who are presently attached to the said units. There is no proposal at present for reduction or abolition of the said cost recovery posts. Wherever one officer has been assigned to more than one unit, the said officer would be made responsible for specific monthly checks. However, the units be permitted to....