Operational problems being faced by EOUs in GST regime consequent to amendment in Notification no. 52/2003 -Customs dated 31-3-2003

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....OTICE NO. 24/2017 Subject: Operational problems being faced by EOUs in GST regime consequent to amendment in Notification no. 52/2003 -Customs dated 31-3-2003- reg. Attention of the Importers, Exporters, Customs Brokers and the members of Trade is invited to the Board's Circular No.29/2017- Customs dated 17.07.2017 on the above mentioned subject. It is noticed that Operational problems are b....

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....information about estimated quantity and value of goods to be imported is required to be submitted for a period of one year, in view of Rule 5 of said IGCR, Rules. They apprehend that the requirements may increase or change during this period of one year. (c) Trade has also sought a clarification regarding inter unit transfer of goods from one EOU to another, which was supported by procurement ....

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.... exceeding one year. This means that units may submit the requirements for any shorter period than one year and then can give requirements for the subsequent period. Also there is no bar in the said rules to amend/give additional information. Therefore, the units can amend/modify/add such information from time to time as per the requirement of import of goods. (iii) For the transitional period ....