Dear all,
iam getting confution of between marchat export and EOU.
pls give me brief clarification
ravi charan (Taxation excutive) (121 Points)
28 August 2011Dear all,
iam getting confution of between marchat export and EOU.
pls give me brief clarification
Dhiraj
(Article)
(33 Points)
Replied 28 August 2011
Merchant exporter : The Exporters who do not have their manufacturing/processing /growing facility and source the product from others and exports. A merchant exporter basically guards the interests of the manufacturers, as well as, the end clients.
An EOU is an undertaking that can be set up by any entrepreneur for manufacturing of goods and also for rendering services. An EOU can be set up for repair, reconditioning, re-making and re-engineering also. Trading activity is not allowed in the EOU Scheme.
EOU & SEZ Schemes are devsed which provides an internationally competitive duty free environment coupled with better infrastructural facilities for export production.
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