Guidelines for revival/exit of sick EOU/SEZ Units

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....8 of the Chapter 6 of the Handbook of Procedures (Vol.-I) ----------------------------------------------------------------------------------------------------- To revive units which may have become 'sick' and to provide an exit route to those units, who may want to move out of the EOU Scheme, the following guidelines are prescribed :- 1. Revival of operations: i) A unit which has been declar....

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....dicated in Para 1 above shall be considered by the Board of Approvals. An application for such takeover may be submitted through the Development Commissioner concerned to the BOA for approval. ii) The sick unit could also transfer the imported/domestically procured capital goods and raw material to another EOU units. For the buying units, it shall be treated as a domestically sourced goods for t....