Export Processing Units (Highlights of foreign trade policy 2009-2014)

>> Friday, August 28, 2009

EOUs have been allowed to sell products manufactured by them in DTA upto a limit of 90% instead of existing 75%, without changing the criteria of ‘similar goods’, within the overall entitlement of 50% for DTA sale.

To provide clarity to the customs field formations, DOR shall issue a clarification to enable procurement of spares beyond 5% by granite sector EOUs.

EOUs will now be allowed to procure finished goods for consolidation along with their manufactured goods, subject to certain safeguards.

During this period of downturn, Board of Approvals (BOA) to consider, extension of block period by one year for calculation of Net Foreign Exchange earning of EOUs.

EOUs will now be allowed CENVAT Credit facility for the component of SAD and Education Cess on DTA sale.

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