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9. Export oriented units (EOUs):
Foreign Trade Policy 2004-09
(a) EOUs shall be exempted from Service Tax in proportion to their exported goods and services.
(b) EOUs shall be permitted to retain 100% of export earnings in EEFC accounts.
(c) Income Tax benefits on plant and machinery shall be extended to DTA units which convert to EOUs.
(d) Import of capital goods shall be on self-certification basis for EOUs.
(e) For EOUs engaged in Textile & Garments manufacture leftover materials and fabrics upto 2% of CIF value or quantity of import shall be allowed to be disposed of on payment of duty on transaction value only.
(f) Minimum investment criteria shall not apply to Brass Hardware and Hand-made Jewellery EOUs (this facility already exists for Handicrafts, Agriculture, Floriculture, Aquaculture, Animal Husbandry, IT and Services).
<<<< Back to Main Page of Foreign Trade Policy 2004-09
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