An EOU may exit from the EOU Scheme with the approval of the Development Commissioner (DC), subject to payment of applicable duties and taxes, including Excise, Customs, IGST, CGST, SGST, UTGST and compensation cess, as applicable, and compliance with the prevailing industrial policy. This provision applies to a legal undertaking seeking to exit from an EOU unit.
Approval for legal undertaking for exit of one of the units from EOU
What is Approval for legal undertaking for exit of one of the units from EOU
Who Can Apply for Approval for legal undertaking for exit of one of the units from EOU
- Existing Export Oriented Units (EOUs)
- EOUs seeking exit from the EOU Scheme
- Legal undertakings operating under the EOU Scheme
- Units that have obtained approval from the Development Commissioner (DC)
- Units willing to pay applicable duties, taxes and other statutory dues for exit
Documents Required for this Approval for legal undertaking for exit of one of the units from EOU
- Proof of payment of applicable duties and taxes
- No Dues Certificate from Customs
- Clearance of outstanding dues
- Final Exit Approval from DC
Act and Rules
Regulations and Guidelines for Recombinant DNA Research and Biocontainment, 2017
Guidelines for the conduct of Confined Field Trials of Regulated, Genetically Engineered (GE) Plants, 2008
Standard Operating Procedures (SOPs) for Confined Field Trials of Regulated, Genetically Engineered (GE) Plants, 2008
Environmental Risk Assessment of Genetically Engineered Plants: A Guide for Stakeholders, 2016
Guidelines for the Environmental Risk Assessment of Genetically Engineered Plants, 2016
Guidelines for the Safety Assessment of Foods Derived from Genetically Engineered Plants, 2008
Role of Shamkris and Process of Approval for legal undertaking for exit of one of the units from EOU
Shamkris adopts a results-oriented approach to ensuring compliance with the mandatory requirements for obtaining the Application. With a simple and guided methodology, Shamkris helps organizations achieve the necessary application in a timely and cost-effective manner. Shamkris offers 100% support in advisory, guidance, and compliance, ensuring smooth processing for obtaining the application.
The Application acquisition process described below:
Advisory for the document required
Preparation of documents as per application & list of documents.
Certificate File
Inspection by the department if required
Certificate department
Certificate issued
Yearly Compliance if Applicable
Renewal when due
Who can issue Approval for legal undertaking for exit of one of the units from EOU
FAQ
An existing Export Oriented Unit (EOU) that intends to exit from the EOU Scheme can apply for exit approval, subject to fulfilment of the applicable conditions and approval from the Development Commissioner (DC).
The Development Commissioner (DC) is responsible for approving the exit of an EOU from the scheme, subject to compliance with applicable statutory and regulatory requirements.
Yes. The unit is required to pay applicable Excise and Customs duties, along with applicable IGST, CGST, SGST, UTGST and compensation cess, wherever applicable.
The applicable duties, taxes and other statutory liabilities must be assessed and paid before the unit can obtain final exit from the EOU Scheme.
Yes. The unit must clear all applicable Customs dues and complete the required Customs formalities before obtaining final exit.
After payment of applicable duties and clearance of all outstanding dues, the unit must obtain a No Dues Certificate from the concerned Customs authorities.
Yes. An EOU may opt out of the scheme with the approval of the Development Commissioner, subject to payment of applicable duties, taxes and compliance with the prevailing regulations.
Final exit can be obtained after the unit has fulfilled the applicable requirements, paid all outstanding dues and obtained the required No Dues Certificate from Customs.
Key documents generally include proof of payment of applicable duties and taxes, evidence of clearance of outstanding dues, the No Dues Certificate from Customs and the relevant exit approval from the Development Commissioner.