Foreign Trade Policy 2004-09- Annual Supplement 2006
EOUs account for a substantial portion of our exports. Just because we have the new SEZ Act in place, it does not mean that our EOUs can be neglected. On the contrary, we will continue to nurture them.
In order to facilitate the smooth functioning of the EOU units, Development Commissioners will fix time limits for finalizing the disposal of matters.
EOU units in the textile sector are allowed to dispose of the left over fabrics upto 2% of CIF value of imports, on consignment basis. Settling accounts for every consignment is complex and time consuming. It has therefore been decided to allow disposal of left over material on the basis of previous year’s imports.
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