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100% eou (stpi) allowed to do trade

Sreejith S (Manager-Finance) (95 Points)

04 August 2011

Can anybody advice me if a 100% EOU registered under STPI scheme can undertake trade? ie Can the firm import readymade software from aborad and sell the same in DTA?

Thanks

Sreejith

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RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 04 August 2011

yes can do procure without custom duty but conditions of import is available for them for more information read the para 6.6 (a) to (e) of foreign trade policy-2009-2014.

and par para 6.9.1 of the policy, they will be positive net foreign exchange earner.

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Sreejith S (Manager-Finance) (95 Points)
Replied 04 August 2011

Originally posted by : RAMESH KUMAR VERMA
	yes can do procure without custom duty but conditions of import is available for them for more information read the para 6.6 (a) to (e) of foreign trade policy-2009-2014. and par para 6.9.1 of the policy, they will be positive net foreign exchange earner.

Dear Ramesh, Thanks for the reply. But our problem is we are importing for re selling the same in the domestic market. I wonder whether it is legal or not? could you pls clarify this

Thanks

Sreejith