Other Entitlements

6.12

Other entitlements of EOU / EHTP / STP / BTP units are as under:

(a) Exemption from Income Tax as per Section 10A and 10B of Income Tax Act.

(b) Exemption from industrial licensing for manufacture of items reserved for SSI sector.

(c) Deleted

(d) Export proceeds will be realized within 12 months.

(e) Units will be allowed to retain 100% of its export earning in the EEFC account.

(f) Units will not be required to furnish bank guarantee at the time of import or going for job work in DTA, where unit has

(i) a turnover of Rupees 5 crores or above;

(ii) unit is in existence for at least three years; and

(iii) unit is having an unblemished track record.

(g) 100% FDI investment permitted through Automatic Route similar to SEZ units.