Conditions of Import

6.7

The import of goods by EOU/EHTP/STP/BTP units shall be subject to the following conditions:

(a) The goods shall be imported into the EOU / EHTP /STP / BTP premises. However, agriculture and allied sectors and granite sector units in EOU may supply/ transfer the capital goods and the inputs in the farm/ fields/ quarries with prior intimation to the jurisdictional Customs/ Central Excise authorities, provided the ownership of the goods rests with EOU units. The granite sector would also be allowed to take spares upto 5% of the value of the Capital Goods to the quarry site.

(b) The procedure as prescribed under Customs/Excise rules for EOUs and units in EHTP/STP/BTP will be followed and appropriate bond executed with Customs/ Excise authorities.

(c) The goods, except capital goods and spares, shall be utilised by EOU/EHTP/STP/BTP units within a period of three years or as may be extended by Customs authorities. However, imported tea shall be utilized within a period of 6 months from the date of import. Similarly, export obligation against import of items (covered by chapter 9 of the ITC (HS) Classifications of Export & Import Items, 2004-09) shall be fulfilled within a period of 90 days from the date of receipt of the first import consignment i.e. the date on which the first import consignment is cleared by the Customs authorities.

However, in case the import of spices is for value addition purpose like crushing/grounding/sterlisation or for manufacture of oils and oleoresins and not for simple cleaning, grading, re-packing etc., the export obligation shall be fulfilled within a period of 120 days.

(Above sentence at end of (c) has been added vide PN. NO. 09/2006, DT. 18/05/2006)

(d) Goods already imported/shipped/arrived before the issue of LOP/ LOI are also eligible for duty free clearance under the EOU/EHTP/STP/BTP scheme provided customs duty has not been paid and the goods have not been cleared from Customs.