Guidelines for Conversion of DTA Unit into EOU/EHTP/STP/BTP Unit

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....in a manner as applicable to new units.      (2) After getting approval of the project and obtaining Letter of Permission (LOP) from DC, execute Legal Undertaking (LUT) in prescribed format with DC.      (3) Thereafter, apply for private bonded licence to concerned Customs/ Central Excise authority with execution of B-17 Bond.      WHERE ADVANCE AUTHORISATION IS PENDING REDEMPTION      (3.1) If the unit is having outstanding export commitment under advance authorization scheme, following procedure before execution of Bond with customs and Central Excise Authority need to be adopted :           (i) Approach concerned C....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd Central Excise Authority with endorsement to applicant unit.           (v) The unit will approach the Customs/Central Excise Authority for execution of B-17 bond ;           (vi) Raw material obtained under Advance Authorization, which is having valid export obligation period can only be carried over;                Where export obligation period has expired, only course available is payment of duties, interest and penalty as applicable, proportionate to unfulfilled export obligation ;           (vii) RA would accordingly process case for discharge of oblig....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e to EOU Scheme which was approved vide letter No._________________________ dated _______________ subject inter-alia to the condition that penalty imposed by appropriate Authority under the F.T.(D&R) Act, 1992 for non fulfilment of the conditions of approvals would be paid. In view of the approval for conversion from DTA to EOU Scheme, I/We ___________________________________________________________ hereby undertake as under:      (i) That I/We-----------------------shall continue to be under obligation to fulfill the conditions of above authorization even after getting converted into EOU      (ii) That I/We _______________________________________________________ shall pay whatever penalties are i....