TMI BlogBackground, Objectives and Incentives/facilities available to EOUsX X X X Extracts X X X X X X X X Extracts X X X X ..... existence since 1980. Sector Specific EOU scheme are also known as Software Technology Park (STP) scheme for export of software; or Electronic Hardware Technology (EHTP) Park Scheme for export of electronic Hardware; or Bio-technology Park (BTP) Scheme for export of Bio Technology Products. Under EOU Scheme, manufacturing or service sector units are allowed to be set up with the objective of ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued by the CBEC under Customs Act, 1962 and Central Excise Act, 1944. Similarly other agencies like Reserve Bank of India (RBI), Central Board of Direct Taxes (CBDT), Directorate General of Foreign Trade (DGFT) etc. have issued notifications /Circulars for proper implementation of the scheme including laying down procedures thereof. Main notifications issued by the CBEC in the Departme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (a) Boosting exports; (b) Earning foreign exchange; (c) Attracting foreign investment; (d) Generating employment; (e) Backward and forward linkage by way of sourcing of raw material from and supply of finished goods to DTA; (f) Attracting latest technology into the country; (g) Upgrading the skill and creating source of skilled man-power; (h) Development of backward area. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent of Central Sales Tax on goods purchased from DTA against C-Form for manufacture of goods for export. (v) Export Income exempted from payment of Income Tax (upto 31.3.11). (vi) DTA Sale (including advance DTA sale) upto 50% of F.O.B value of exports (i.e. Physical Exports) permitted on payment of Concessional rate of Central Excise duty[vide notification No. 23/2003-Central Excise, dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sonal carriage Foreign Post Office. (xiii) FDI upto 100% permitted as per the guidelines of Department of Industrial Policy and Promotion. (xiv) Exemption from Industrial Licensing for manufacture of items reserved for SSI sector. (xv) Software Units allowed touse computer systems for training purposes (including commercial training). (xvi) EOUs allowed to install one fax machine and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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