EOU Registration

EOU Registration Services - obtain online services for EOU Registration India, EOU Registration Consultants, stpi company registration services, online guide to EOU Registration. The EOU method was introduced in the year 1980 vide Ministry of Commerce resolution dated 31 st December 1980. The purpose of the scheme was basically to boost exports by creating additional production capacity. It was introduced as an opposite scheme to the Free Trade Zones/ Export Processing Zone (EPZ) Scheme introduced in the sixties which had not attracted many units due to lavational restrictions. The exporters showed willingness to set up units by means of long term promise to exports under Customs bond operations provided they had the freedom to locate them in places of their choice and given most of the benefits as provided to units set up in the Zones. The EOU scheme is, at in attendance, governed by the provisions of Export and Import (EXIM) Policy, 1997-2002. Under this format, the units undertaking to export their entire production of goods are allowable to be set up. These units may be engaged in the construct, services, development of software, trading, repair, remaking, reconditioning, re-engineering together with making of gold/silver/platinum jewellery and articles thereof, agriculture including agro-processing, aquaculture, animal husbandry, bio-technology, floriculture, horticulture, viniculture, viticulture, poultry, sericulture and granites. The EOUs can export all products apart from prohibited items of exports in ITC (HS). Under the EOU scheme, the units are allowed to import or secure locally without payment of duty all types of goods including capital goods, raw materials, components, packing materials, consumables, spares and various other specified categories of equipments including material handling equipments, required for export production or in connection therewith. However, the goods prohibited for import are not permitted. In the case of EOUs engaged in farming, animal husbandry, floriculture, horticulture, pisciculture, viticulture, poultry, sericulture and stonework quarrying; only specified categories of goods mentioned in the relevant notification have been permitted to be imported duty-free.