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 farms/fields/quarries with prior intimation to the jurisdictional Customs/ Central Excise authorities, provided the ownership of the goods rests with EOU units.

(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 six months from the date of import.

(Above paragraph has been added vide PN. NO. 67/2004, DT.02/04/2005)

(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.