TaxTMI 
TaxTMI 
EOU Exit - after De-bonding Materials transfer
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....OU Exit - after De-bonding Materials transfer<br> Query (Issue) Started By: - SNEHAL SHAH Dated:- 13-1-2016 Last Reply Date:- 17-1-2016 Customs - Exim - SEZ<br>Got 11 Replies<br>Customs<br>Dear sir, We have apply application to DC for de-bonding of EOU unit . We have received NOC from Excise authority for Capital Goods & RM,SFG & FG . Now question is that can I sale or transfer Capital Goods , ....
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....RM ,SFG after full duty payment at the time of de-bonding or fulfillment of Export Obligation . Please suggest and advice to us . Thanks and Regards, SN Reply By Mahir S: The Reply: Snehal ji, Raw materials, semi-finished and finished goods including containers suitable of repeated use lying in stock at the time of de-bonding can be cleared on payment of duty on their value at the time of im....
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....port and at the rate of duty in force on the date of payment of such duty. Reply By KASTURI SETHI: The Reply: I fully agree with Sh.Mahir S.Sir. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I also agree. Reply By Ganeshan Kalyani: The Reply: If some items are old and to be scrapped out will in that also the duty need to paid while clearing from EOU. Reply By KASTURI SETHI: The Reply: Yes.Old....
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.... and used capital goods have to be cleared on payment of duty to be calculated at depreciated value by straight line method. Reply By Ganeshan Kalyani: The Reply: Thanks Kasturi Sir. Reply By Mahir S: The Reply: Sir, After exit from EOU, the unit becomes a normal manufacturing DTA unit. Hence, all the excise rules , regulations and procedures prescribed there are thereafter applicable to the u....
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....nit, including for the sale of old and scrapped items. Reply By Mahir S: The Reply: Respected Sirs, Thanx for the appreciation, Reply By KASTURI SETHI: The Reply: Agreed with Sh.Mahir S. Sir. In a layman's language after exit, EOU loses its VIP status i.e. bonanza for all taxes and perks. thereafter, the unit is also called PBC (Production Based Control) unit.Just for information pl. Rep....
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....ly By SNEHAL SHAH: The Reply: Thanks to all of you for best support & guide . Regards, SNEHALSHAH Reply By Mahir S: The Reply: Thanx and all the best Snehal ji..<br> Discussion Forum - Knowledge Sharing ....