Issuance of SCN against EOUs

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..... oval/non-accountal/disappearance of goods and the like. However, on issues like the non-fulfillment of export obligations action has to be initiated in consultation with the DC or the Commerce Ministry. Further, vide Instruction F. No. 307/5/97-FTT, dated 6.8.1997, the CBEC clarified that the EOUs which failed to achieve export obligations/value addition in/after 5 years of inception, duty may .....

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..... years, final decision would be taken by the Development Commissioner with respect to fulfillment of export obligation as far as possible within 6 months but positively within one year. An amendment to this effect has also been made in para 3(ii) of part (a) of Appendix 14-I-G to HOP . Hence as per the CBEC Circular, duty, if any, can be demanded in the event of default in achieving NFE from a u .....

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