Export Oriented Units 100% EOU Incentives Fiscal and Special Package for Star Export Houes. EOU Incentives Some Incentives Given to EOUs Some Incentives Given to EOUs Fiscal Incentives Available to 100% EOUs Special Package of Incentives for Star Export House EOUs Some incentives given to EOUs No import licences are required by the EOU units and import of all industrial inputs exempt from customs duty. Supplies from the DTA to EOUs are regarded as deemed exports and are hence exempt from payment of excise duty which means that high quality inputs are available at lower costs. On fulfillment of certain conditions, EOUs are exempted from payment of corporate income tax for a block of 5 years in the first 8 years of operation. Export earnings continue to be exempt from tax even after the tax holiday is over. Industrial plots and standard design factories are available to EOUs at concessional rates. Single window clearance for EOU. For example, the State Government of Kerala as well of Karnataka has constituted single window clearance mechanisms such as District Single Window Clearance Board (in Kerala) and Karnataka Udyog Mitra (in Karnataka) for the purpose of speedy issue of various licences, clearances. Private bonded warehouses in the 7 EPZs can be set up for Import and sale of goods including in the DTA, subject to payment of applicable duties at the time of sale. Trading including re-export after repacking/labeling. Re-export after repair, reconditioning or re-engineering EOUs and EPZs are permitted to sub-contract part of their production processes for job work to units in the DTA on a case by case basis. Supplies to the DTA under international competitive bidding against payment in foreign exchange to other EOUs and EPZ units and against import licenses are considered towards fulfilment at the export obligation. The FOB value of exports of EOUs and EPZ units can be clubbed with that of parent companies located in the DTA for the purpose of obtaining a Trading or Export House status. EOUs and EPZ units may export goods through Trading and Export Houses or other EOU and EPZ Units. Attractive Policy Provisions for EOUs : EOU can also import second hand capital goods without any age limit. 50% of physical exports can be sold in domestic market on payment of concessional duty. EOUs can process and export rice (Basmati & Non-Basmati). EOUs including Gem & Jewellery units are permitted to sub-contract upto 50% of their production (or) production process in DTA / other EOUs. EOUs are allowed to utilize plant and machinery for job work DTA units provided the goods are exported directly from the EOU premises. EOUs in Agriculture and allied sectors and in granite sector may transfer the capital goods and the inputs to the Farms/field/quarries for usage relating to the production in the EOU. In case of new EOUs, Advance DTA sale will be allowed not exceeding 50% of its estimated exports for the first year except the pharmaceutical units where this will be based on its estimated exports for the first two years. Simultaneous Advance DTA sale permission is given on quarterly basis for perishable goods like mushrooms, cut flowers etc. Exports through third party is permitted Exports from the job workers premises is allowed 100% FDI investment permitted through Automatic Route similar to SEZ units EOUs can obtain Foreign currency loans from OBUs situated in the SEZs EOUs have to achieve only positive Net Foreign Exchange (NFE) within 5 years i.e., A - B > 0 where (A) is the FOB value of Exports and (B) is CIF value of imports Fiscal Incentives available to 100% EOUs : Exemption from Customs and Central Exciuse duties on import/local procurement of Capital goods, raw materials, consumables, spares, packing material etc. Reiumbursement of Central Sales Tax (CST) on purchases made from Domestic Tariff Area (DTA) Corporate Tax Holiday upto 2010 CENVAT credit on Service Tax paid Re-iumbursement of duty paid on fuels procured from domestic oil companies as per the rate of Drawback notified by the DGFT from time to time.Special Package of Incentives for Star Export House EOUs (Fast Track Clearance): Permissions and Customs clearances for both Imports and Exports on self declaration basis. Fixation of Input-Output norms on priority within 60 days. Exemption from compulsory negotiation of documents through Banks. 100% retention of foreign exchange in EEFC account. Enhancement of normal repatriation period from 180 days to 360 days. Exemption from furnishing of Bank Guarantee in Schemes under this policy. Exemption from examination of Import Cargo Install one Fax machine & Two computers in their Administrative/Registered Office on prior intiation only. Procurement of DG set intimation to the Development Commissioner/Jurisdictional Customs/Central Excise authority Remove their Capital goods (or) part thereof for repairs under prior intimation to the jurisdictional Asst./Deputy Commissioner of Customs & Central Excise authority DTA clearance of rejects on priority basis Personal carriage of samples of Gems & Jewellery without a need for prior permission DTA sale of finished products on prior intimation only Participation in exhibition for export promotion on prior intimation only
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 19-04-2024 ANZ Bank in talks with Australia Pensions on India investments Date: 19-04-2024 India's FY24 pulses imports hit 6-year high as red lentil purchases jump Date: 19-04-2024 India's trade deficit with ASEAN expands since FTA of 2010 Date: 18-04-2024 New Indian envoy meets Russian Foreign Minister Sergey Lavrov; discusses high-level bilateral exchan Date: 18-04-2024 India's economy to grow at 8-8.3 pc in current fiscal: PHDCCI Date: 18-04-2024 Ahead of Elon Musk's visit, Centre notifies liberalised FDI norms for space sector to boost foreign Date: 17-04-2024 RBI issues directive for cardholders, says no entity except card issuer, card networks can store tra Date: 17-04-2024 CBDT signs record number of 125 Advance Pricing Agreements in FY24 Date: 17-04-2024 India to remain global growth driver in foreseeable future: IMF executive director Date: 17-04-2024 Oil prices broadly steady, economic woes offset geopolitical support What is New? Date: 12-04-2024 NOTIFICATION No. 09/2024 – CENTRAL TAX Seeks to extend the due date for filing of FORM GSTR-1, for the month of March 2024 Date: 10-04-2024 NOTIFICATION No. 08/2024- Central Tax Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May, 2024 Date: 08-04-2024 Notification No 07/2024 – Central Tax Seeks to provide waiver of interest for specified registered persons for specified tax periods Date: 04-04-2024 Notification No. 27/2024 - Customs (N.T.) Exchange Rate Notification No. 27/2024-Cus (NT) dated 04.04.2024-reg Date: 26-03-2024 Notification No. 24/2024 - Customs (N.T.) Exchange Rate Notification No. 24/2024-Cus (NT) dated 26.03.2024-reg Date: 14-03-2024 NOTIFICATION No. 17/2024-Customs Seeks to amend notification No. 57/2017-Customs dated 30.06.2017 so as to modify BCD rates on certain smart wearable devices. Date: 12-03-2024 NOTIFICATION No. 15/2024-Customs Seeks to amend specific tariff items in Chapter 90 of the 1st schedule of Customs Tariff Act, 1975. Date: 12-03-2024 NOTIFICATION No. 16/2024-Customs Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017 so as to change the applicable BCD rate on specified parts of medical X-ray machines. Date: 07-03-2024 Notification No. 18/2024 - Customs (N.T.) Exchange Rate Notification No. 18/2024-Cus (NT) dated 07.03.2024-reg Date: 06-03-2024 Notification No. 13/2024-Customs Seeks to amend notification No. 50/2017- Customs dated 30.06.2017, in order to reduce the BCD on imports of meat and edible offal, of ducks, frozen, subject to the prescribed conditions, with effect from 07.03.2024.
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