Compliance for eou closure

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2012
Can anyone elaborate on the Excise and Customs compliances required for EOU closure.

Questions

1. Basic compliance under Excise and Customs after debondg

2.Does customs duty need to be paid on leftover RM, if so to Excise or Customs?

3. Can EOU export back the Capital goods, if so whether customs duties to be paid? If so at what rate?

4. If customs duties are paid prior to export, then is there any mode to get refund? Is it through Sec 74 Mode?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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18 September 2012 read link:

http://www.eouindia.gov.in/APPENDIX-K.pdf

http://www.eouindia.gov.in/epc_cir_046.htm

http://www.smeindia.net/export_schemes/DOCS/B-1/EXPORT%20ORIENTED%20UNIT%20SCHEME.pdf