Refusal of Excise Authorities to Honour Permission of Development Commissioner for DTA sale Given to a 100% EOU – Reg

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sale Given to a 100% EOU - Reg. It has been brought to the notice of the Board that Central Excise authorities in Bhiwadi Division have refused to honour the permission given by the Development Commissioner, Noida Export Processing Zone, to a 100% EOU for DTA sale. In brief, the matter is that a 100% EOU on the basis of physical export of goods worth Rs. 1.42 crores during the period from 1-4-200....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... into existence only in March, 99. 2. The matter has been considered. It is noted that as per para 9.9(b) of Exim Policy, an EOU/EPZ unit is allowed to sale goods in DTA upto 50% FOB value of (physical) export subject to payment of applicable duties and fulfilment of minimum NFEP as prescribed in Appendix 1 of the Policy. Further, as per Appendix 42 of the Handbook of Procedures, Vol.I, the unit ....