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'Unused imported raw material may be sold by EOUs in DTA'

SME Chatroom | TNC Rajagopalan

TNC Rajagopalan 

I refer to your earlier Q&A stating that trading is not permitted for EOUs. Can an EOU make DTA sale of raw material imported/indigenously procured duty free, if they remain un-utilised due to any reason, such as reduction in export orders? Yes. As per Para 6.15 (a) (ii) of the FTP, in case an EOU/EHTP/STP/BTP unit is unable to utilise goods and services, imported or procured from DTA, it may be disposed of in DTA with the approval of Customs authorities on payment of applicable duties and submission of import authorisation. As per Para no. 4 of the notification 52/2003-Cus and ...

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First Published: Tue, August 09 2016. 00:29 IST
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