TaxTMI 
TaxTMI 
Export Oriented Units
X X X X Extracts X X X X
X X X X Extracts X X X X
....2003. The imports by EOUs are to be levied IGST and compensation cess as per the Notification No. 59/2017-Cus dated 30.06.2017. However, as part of export package, imports by EOUs have been temporarily exempted from payment of IGST and compensation cess up to 31st March, 2019 vide Customs Notification No. 65/2018-Customs dated 24.09.2018. Supply to EOUs: A supply to EOU is considered as deemed e....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r at port will allow the clearance of goods giving benefit of exemption Notification No. 52/2003-Cus dated 31.03.2003. There is no requirement of separate continuity bond to be submitted by EOU as per the requirement under Customs (Import of goods at Concessional Rate of Duty) Rules, 2017 as B-17 bond, being a general purpose bond will serve the said purpose. The inter unit transfer would be on i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....entitled for refund of IGST and what is the time limit for obtaining refund on the IGST paid? Ans. Yes. EOUs are entitled for refund of IGST paid on export or refund of accumulated input tax credit (ITC) on account of exports made under bond/LUT. As per section 54 of CGST Act, 2017, a refund application may be filed within two years from the relevant date by EOUs. The application in form RFD-01A ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ferred goods would have to be reversed by the recipient EOU at the time of clearance into DTA. Q 62. What are the conditions for DTA sales by EOUs? Ans. DTA sale of goods by EOU is subject to fulfilment of following conditions: (i) Fulfilment of maintaining positive Net Foreign Exchange Earnings (NFE) (ii) Payment of applicable GST on the product under DTA sale (iii) Reversal of the Basic Cus....