| Date: |
16-02-1996
|
| Notification No: |
Customs Circular No 11/1996
|
| Issuing Authority: |
Indian Customs
|
| Type: |
Circular
|
| File No: |
|
| Subject: |
Regarding ambiguity pointed out by Confederation of Export Units in matter of status of EOU/ EPZ units after the expiring of bonded period
|
|
Regarding ambiguity pointed out by Confederation of Export Units in
matter of status of <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a>/ EPZ units after the expiring of bonded period
Circular No. 11 dated 16th
February 1996
I am directed
to draw attention to the letter of the Confederation of Export Units, pointing
out some ambiguity about the status of EOU/ EPZ units in the interim period
between the completion of the initial period of approval and actual approval to
continue as an EOU. In this regard it is clarified that Section 65 of Customs
Act 1962 would adequately cover their case if they wished to continue the
manufacturing operations in bond after the expiring of the initial bonding
period and they can continue to function under the said Section. This is brought
to the notice of field formations for their information and necessary action.
Any EOU/ EPZ Unit desiring to so function under bond in terms of Section 65 may
by suitably advised.
|
|
|