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EXIT FORM EOU

Central Excise - Started By: - Hasmukh Patel - Dated:- 27-4-2016 Last Replied Date:- 30-4-2016 - Dear ALL, At the time of scheme, why EOU may pay full custom duty on the finished goods lying in stock ? Nomaly it is under section 3(1) of C.Ex Act2002. The wording is that o be sold any other palce in india If the finished goods is not sold by EOU then why EOU pay the duty under section 3(1) / dity as like imported goods in india. I think the EOU may reverce the benefits take to manufacturing of fi .....

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fits/sops being availed as EOU. After exit/debonding, it has become normal PBC unit. - Reply By surya narayana - The Reply = While concurring the views expressed by our friends, I would like to give the following additional points There is a specific procedure prescribed under FTP for de bonding of EOU (6.18 and Appendix 14 I as per my remembrance In terms of the above, once an EOU is proposed to be de bonded, all the duties not paid on the materials,capital goods, consumables, components, work- .....

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his view was upheld in Solitaire machine Tools case) However, unless the FTP provisions are not amended, the chances of upholding your view are remote one need to wait for such amendment or one need to represent the DGFT to amend the said para 6.18 and the appendix considering the various changes took place in EOU scheme since them including cenvat facility extended to EOUs in 2004.Hope I have clarified the issue to the extent possible.Best RegardsSuryanarayana - Reply By KASTURI SETHI - The Rep .....

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Amend after SC decesion in SIV IND)​ & the EOU unit do not sale it's finished goods any other place in india. My question it that if gov. not consider it as sale & deny the noti 23/2003 ce , then why EOU pay duty on finished goods? As per central excise rule duty liability on finished goods at the time of clearance form factory gate. So I want to ask why EOU apy the duty on finished goods instead of reverce the benefits for manufacturing of finished goods. It mean pay the duty .....

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status of unit is EOU not DTA. After receive final exit letter form development commissoner the unit becom normal DTA unit. - Reply By Kishan Barai - The Reply = Respected Hasmukh Patel Jee,According to me you need to pay custom duty on finished goods lying in stock before EXIT from EOU.Now I have one solution is that you export your finished goods left over & then apply for EXIT. I hope this will help all.Cordially yours,Kishan Barai - Reply By Hasmukh Patel - The Reply = I have no require .....

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es on FG and WIP. I handled two de bonding activities out of which one is involving duties of about 40+ crores and in one case AI have paid about ₹ 9+ crores under protest since the Jurisdictional AC refused to give no objection and duty payment certificate. We have filed the appeals in both the cases and in one case ( amount involved 60 Lakhs) the CESTAT allowed our appeal considering the Solitaire machine tools case. However, the second appeals involving 9+ crores is still pending before .....

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