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Background Objectives and Incentives/facilities available to EOUs

Central Excise - 100% Export Oriented Unit Scheme - 100% EOU Scheme - 02 - Background Export Oriented Unit Scheme or EOU scheme is one of the export promotion schemes of the Government of India and is in 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. Unde .....

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d Public Notices /Circulars issued by the Department of Commerce. Establishment of units and their performance is monitored by the jurisdictional Development Commissioner (DC)in accordance with the FTP provisions. Since Customs bonding is mandatory for EOUs, the Scheme envisages important role for Customs & Central Excise Department. Corresponding notifications enabling duty exemption have been issued by the CBEC under Customs Act, 1962 and Central Excise Act, 1944. Similarly other agencies .....

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ment of Central Excise Duty, 2. 52/2003-Customs, dated 31.03.2003 Fully exempts goods imported by EOUs from payment of Customs Duty. 3. 23/2003-CE, dated 31.3.2003 Provide partial exemption to goods manufactured by EOUs and sold in DTA from payment of Central Excise duty. Objectives of EOU Scheme Main objectives of EOU Scheme are as under:- (a) Boosting exports; (b) Earning foreign exchange; (c) Attracting foreign investment; (d) Generating employment; (e) Backward and forward linkage by way of .....

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ital goods) etc. [vide notification No. 52/2003-Customs, dated 31.03.2003]. (ii) Procurement of goods from Domestic Tariff Area without payment of Central Excise duty [vide notification No. 22/2003-Central Excise, dated 31.03.2003]. (iii) Supplies by DTA manufacturer are eligible for deemed export benefits under Chapter 8 of FTP, which include drawback, refund of Terminal Excise Duty and Issuance of Advance Authorisation enabling duty free import to the DTA supplier. (iv) Full reimbursement of C .....

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