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11. EXPORT ORIENTED UNITS
Foreign Trade Policy 2004-09- Annual Supplement 2005
Duty free spares up to 5% of the value of Capital Goods imported for excavation purposes in the Granite sector will be allowed to be removed to the quarries.
The de-bonding procedure for EOUs has been simplified. A self-assessment procedure along with time bound disposal of applications of such exiting EOUs will be put in place.
Capital Goods will be allowed to be transferred or given on loan basis to other units under intimation to both Excise and Development Commissioner.
Transfer of samples to other EOUs on returnable basis within a period of 30 days to be allowed.
EOUs to be permitted to claim IT exemption in respect of income on export proceeds realised within a period of 12 months from date of export.
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