100% Export Oriented Units and Export Oriented Units in Export Processing Zones/Free Trade Zones - amendments regarding

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ur Department have necessitated amendments in notifications, governing standalone 100% EOUs including units of EHTP, STP, Agriculture/Floriculture & Aquaculture sector Export Processing/Free Trade Zones, and units in EHTP/STP Complexes. These notifications have been amended vide Notification No. 65/99-Cus, dated the 19th My, 1999 and No. 25/99CE, dated the 19th May 1999 (copies enclosed). The salient features of the amendment are as under. A. DTA Sales Hitherto, clearance of the finished goods & rejects into DTA, on payment of appropriate duty is allowed as a stipulated percentage of value of production. The scrap/waste/remnants upto a fixed percentage is also allowed clearance into DTA, on payment of duty. In addition to the above, separ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of importation or procurement or within the extended period as may be allowed by the Assistant Commissioner; (b) Use or re-export the capital goods within a period of one year from the date of importation or procurement or within the extended period as may be allowed by the Assistant Commissioner; (c) to export the manufacured/produced/packaged goods within one year or within such extended period as permitted by the AC, from the date of importation or procurement of imported or indigenous goods. For further details, notification may be referred to. The above extensions may be given liberally and the duty and interest may be demanded only in cases involving mala fide and diversion of raw material. C. The Notification No. 126/94-Cus, da....