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TMI BlogRecommendations of the Committee on Review and Revamp of EOU Scheme regd.X X X X Extracts X X X X X X X X Extracts X X X X ..... mentioned subject and to say that a Committee was constituted by the Government to Review and Revamp of Export Oriented Unit (EOU) Scheme with a mandate to suggest suitable steps to make the scheme more vibrant and attractive for investors, develop a synergy between the EOU scheme and SEZ scheme to make them complementary to each other and aligning the EOUs to make them more globally competitive. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bsequent extension, if necessary, will be granted by the Board of Approval. Aligning duration of goods and services in EOU with the term of LOP: At present, capital goods are required to be installed or otherwise used by the EOU, within a fixed period from the date of import or procurement thereof and other goods are to be used in connection with the production or packaging of goods within a per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6.2001 as amended. Sharing of facilities among EOU/STP/EHTP/SEZ Unit: In order to allow optimal utilization of infrastructure facilities it has been decided that sharing of facilities among EOUs may be considered by the UAC on case-to-case basis and the recommendations be sent to the BoA for final approval. While accepting such proposals, the NFE obligations of the Units shall not be altered. Ho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g with the requirement for physical verification of imported/indigenously, procured duty-free goods before issuing re-warehousing certificate by the proper officer in respect of Units set up under EOU/EI-ITP/STP/BTP scheme having physical export turnover of Rs.15 Crore and above in the preceding financial year and having a clean track record. In order to extend self-warehousing and self-certificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sale, IUT, sale of goods as such, destruction, payment of duty etc. and devise simplified records,to be maintained by EOUs. Extension of time for submitting shipping bill for export made under self-sealing / self certification: It has been decided to increase the mandatory requirement to submit Shipping Bill within 24 hrs to 48 hrs as it is sometimes difficult to reach jurisdictional Central Ex ..... X X X X Extracts X X X X X X X X Extracts X X X X
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