EOU Scheme-Overview. Units undertaking to export their entire production of goods and services may be set up under the Export Oriented Unit (EOU) Scheme EOUs can get a location of their choice Customs-bonded anywhere in India
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New EOUs are entitled under to Corporate Income Tax exemption on physical exports out of India till 2009
EOUs have only to be foreign exchange positive
FE Inflows> FE Outflows
Supplies from Indian manufacturers to EOUs are classified as deemed exports, and the suppliers are eligible for
EOUs may obtain, on production of a suitable disclaimer from the suppliers, the duty drawback and refund of Terminal Excise Duty
Sales to the Indian Market
EOUs can subcontract up to 50% of production or part of production process to units in the EOU or Indian manufacturers.
EOUs can undertake job-work for export on behalf of local manufacturers.
Units can de-bond without paying duties capital goods they have used for 10 years
Software units can de-bond on duty-free basis after 3 years.
Units can wind up their operations on meeting their export obligations by
In case of failure to achieve positive NFE, duty foregone under the EOU scheme with interest is recoverable in proportion to the shortfall in NFE
If the unit has not met positive NFE, de-bonding shall also be subject to payment of penalties under the Foreign Trade (Development & Regulation) Act, 1992, and under the Customs Act, 1960
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