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Sale by indian eou

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 Can any one tell me whether an Indian EOU can sale to another Indian EOU in dollars?
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
02 April 2012 yes,

as per para 6.13(a) to (c) of ftp:

An EOU is allowed to transfer imported or manufactured goods to another EOU/EPZ/STP/EHTP/SEZ unit. The officers in charge of the EOU supplying the material and the EOU receiving the material are expected to keep a watch on the movement of material between the EOUs. The rewarehousing certificate on transfer of the goods from one EOU to another is obtained by post and is crosschecked occasionally with the Superintendent in charge of the other unit to see whether the goods have been actually received in the unit or not. In case of non-receipt of rewarehousing certificate and similarly, non-receipt of proof of export from the proper officer within 90/180 days, the duty is demanded from the sending unit.
source:
http://164.100.9.245/exim/2000/policy/pol05/chap-6.htm


Regards,
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Mihir Doshi

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Mihir Doshi (Expert)
02 April 2012 Agree with Expert
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 Thank you so much for ur spontaneous reply.
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 If you can further tel me...whether it can sale in foreign currency????
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 If you can further tel me...whether it can sale in foreign currency????
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 If you can further tel me...whether it can sale in foreign currency????
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 If you can further tel me...whether it can sale in foreign currency????
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
02 April 2012 Yes u can mentioned in F.C. IN invoice.

Regards
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 thank you for your help
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
02 April 2012 WELCOME IN CA CLUB INDIA..........
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2012 Can u tell me whether it is mentioned in FTP or any where about doing transaction in foreign currency?
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