Duty Free Import/ procurement by Trading Units - Amendments in the Notifications relating to EOU /ETHP /STP schemes – Reg

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....nce Department of Revenue (Central Board of Excise and Customs) Sub:- Duty Free Import/ procurement by Trading Units - Amendments in the Notifications relating to EOU/ETHP/STP schemes - Reg. I am directed to invite your attention to the Export and Import Policy and Handbook of Procedures, 2002-07 announced by the Ministry of Commerce and Industry on 31-3-2002. The new five-year Export and Imp....

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....n existence prior to 31-3-2002 to continue trading under the EOU Scheme till expiry of their LOP (Letter of Permission). 3. The matter has been examined in the Board and it has been decided to allow the trading units which were in existence prior to 31-3-2002 and have valid LOP as on date to continue under EOU Scheme till the expiry of their LOP. Accordingly, notification Nos 52/2003-Cus and 22/....

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.... 2-1-2004 i,e the date of issuance of the notification 1/2004-Cus and 1/2004-CE. The benefit of exemption to the trading units has been allowed for a limited period only and would not be available in any case where extension of LOP has been granted anytime after 31-3-2002. The extent of concession would be limited to the concessions available as per Exim Policy at the time of issue of LOP 5. It ....