New Policy

Exit from EOU Scheme 6.20



    (a) Subject to the approval of the Development Commissioner, EOU/EHTP/STP 
  units may opt out of the scheme. Such exit from the scheme shall 
  be subject to payment of duties of Customs and Excise and the industrial 
  policy in force at the time of exit. 

    (b) If the unit has not 
  achieved the obligations under the scheme, exit from the scheme, shall 
  also be subject to penalty as may be imposed by the competent authority. 
  

    (c) In the event of a gem and jewellery unit ceasing its operation, 
  gold and other precious metals, alloys, gem and other materials available for 
  manufacture of jewellery, shall be handed over to an agency nominated by the 
  Ministry of Commerce and Industry (Department of Commerce) at the price to be 
  determined by that agency. 

    (d) An EOU//EHTP/STP unit may also be 
  permitted by the Development Commissioner, as a one time option, to exit 
  from the scheme on payment of duty on capital goods under the prevailing 
  EPCG Scheme, subject to the unit satisfying the eligibility criteria under 
  that Scheme and standard conditions indicated in Appendix 14-I of 
  Handbook (Vol-I). 





PARA 6.20



    (a) Subject to the approval of the Development Commissioner, 
  EOU/EPZ/EHTP/STP units may be debonded. Such debonding shall be subject to 
  payment of duties of Customs and Excise and the industrial policy in force at 
  the time of debonding. 

    (b) If the unit has not achieved the 
  obligations under the scheme, the debonding shall also be subject to penalty 
  as may be imposed by the competent authority.

    (c) In the event of a gem 
  and jewellery unit ceasing its operation, gold and other precious metals, 
  alloys, gem and other materials available for manufacture of jewellery, shall 
  be handed over to an agency nominated by the Ministry of Commerce and Industry 
  (Department of Commerce) at the price to be determined by that 
  agency.

    (d) An EOU/EPZ/EHTP/STP unit may also be permitted by the 
  Development Commissioner, as a one time option, to debond on payment of duty 
  on capital goods under the prevailing EPCG Scheme, subject to the unit 
  satisfying the eligibility criteria under that Scheme and standard conditions, 
  as per Appendix 14-J of the Handbook (Vol-I).


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