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Export Oriented Units (EOUs) | Meaning & Complete Process

DGFT : Learn about Export Oriented Units (EOUs) and their significance in increasing exports, foreign exchange earnings, and employment i...

June 30, 2022 15009 Views 0 comment Print

Preparation For New Export Remission Scheme: Remission of Duties & Taxes On Export Products (RODTEP)

DGFT : A New Scheme Remission of Duties & Taxes on Export Products (RoDTEP) is being drafted by The Ministry of Commerce to replace the e...

February 23, 2020 26142 Views 2 comments Print

All about 100% Export Oriented Unit Scheme

Custom Duty : Article discusses Basic features and Objectives of EOU Scheme; Incentives /Facilities available to EOUs,Setting up an EOU;Minimum...

October 20, 2016 76948 Views 1 comment Print

Discrepancy in Service Exports from India Scheme?

DGFT : New SEIS scheme is also not free from defects. There are certain discrepancy which have not been taken care of at the time of intr...

August 22, 2016 5282 Views 0 comment Print

A Brief synopsis on Export Oriented Units

Custom Duty : Brief Highlights about EOU An EOU is basically an Export Oriented units which can be set up in the declared ‘warehouse stationsâ...

August 12, 2014 10798 Views 0 comment Print


Latest News


Committee recommends tax incentives to revamp Export Oriented Unit (EOU) scheme

Finance : A committee has recommended a host of tax incentives like exemption from customs duty, central excise and service tax to revamp th...

July 16, 2011 1535 Views 0 comment Print

Anand Sharma Announces Exports Incentives for more than 600 Products

Income Tax : Market Linked Focus Product Scheme (MLFPS): 335 New Products incentivised under MLFPS at 8 digit level, eligible for benefits @ 2%...

February 12, 2011 312 Views 0 comment Print

Government decided to crackdown on defaulters of self-assessment tax

Income Tax : The government has decided to crackdown on corporate and individuals that have defaulted on payment of their self-assessment in th...

December 1, 2009 636 Views 0 comment Print

UPA will focus on Small and Medium Enterprises (SME)

Finance : The UPA is back at a time faced with economic slowdown and hence, an immediate agenda of economic revival. The Small & Medium ...

June 8, 2009 318 Views 0 comment Print


Latest Posts in export oriented unit

Export Oriented Units (EOUs) | Meaning & Complete Process

June 30, 2022 15009 Views 0 comment Print

Learn about Export Oriented Units (EOUs) and their significance in increasing exports, foreign exchange earnings, and employment in India.

Preparation For New Export Remission Scheme: Remission of Duties & Taxes On Export Products (RODTEP)

February 23, 2020 26142 Views 2 comments Print

A New Scheme Remission of Duties & Taxes on Export Products (RoDTEP) is being drafted by The Ministry of Commerce to replace the existing Schemes. The Ministry is deliberating with Trade & Industry and has already issued circulars for Trade to propose to them on the suggested benefits for their Industry.  It is the right time for Trade & Industry to respond and share their views in the best interest of their Industry.

All about 100% Export Oriented Unit Scheme

October 20, 2016 76948 Views 1 comment Print

Article discusses Basic features and Objectives of EOU Scheme; Incentives /Facilities available to EOUs,Setting up an EOU;Minimum Investment Criteria; Concept of Unit Approval Committee (UAC); Procedure for approval of an EOU; Sector Specific Requirement for approval as an EOU.

Discrepancy in Service Exports from India Scheme?

August 22, 2016 5282 Views 0 comment Print

New SEIS scheme is also not free from defects. There are certain discrepancy which have not been taken care of at the time of introducing such scheme nor there has been any clarification issued by Director General of Foreign Trade (‘DGFT’) in this regard, till date.

A Brief synopsis on Export Oriented Units

August 12, 2014 10798 Views 0 comment Print

Brief Highlights about EOU An EOU is basically an Export Oriented units which can be set up in the declared ‘warehouse stations’ in India. There are almost 300 such warehouse stations. EOU units are very closely connected with Customs Law and Excise Law. Besides, Foreign Trade Policy deals with EOUs at larger extent. Further, Income […]

Committee recommends tax incentives to revamp Export Oriented Unit (EOU) scheme

July 16, 2011 1535 Views 0 comment Print

A committee has recommended a host of tax incentives like exemption from customs duty, central excise and service tax to revamp the 30-year old Export Oriented Unit (EOU) scheme. After expiry of tax benefits for the EOUs, the government in February has set up a committee under the chairmanship of Development Commissioner, Noida SEZ, to revamp the scheme in sync with the changing business environment and gel with the Special Economic Zones.

Anand Sharma Announces Exports Incentives for more than 600 Products

February 12, 2011 312 Views 0 comment Print

Market Linked Focus Product Scheme (MLFPS): 335 New Products incentivised under MLFPS at 8 digit level, eligible for benefits @ 2% of FOB value of exports to 15 specified markets. These markets are Algeria, Egypt, Kenya, Nigeria, Tanzania, South Africa, Ukraine, Mexico, Brazil, Australia, New Zealand, Cambodia, Vietnam, China and Japan.

Transfer of computer software by an Indian Branch of a foreign Company (approved as 100 percent EOU) to its head office is an eligible transaction for

October 25, 2010 384 Views 0 comment Print

The Delhi bench of Income-tax Appellate Tribunal (the Tribunal) in the case of DDIT v. Virage Logic International (ITA No. 494(Del) 2010) held that transfer of a computer software by an Indian branch of a foreign company [approved as 100 percent Export Oriented Unit (EOU) by Software Technology Parks of India (STPI)] to its head office is a transaction eligible for claiming tax benefits under section 1 0A of the Income-tax Act, 1961 (the Act).

Assessee entitled to exemption on profit derived by its 100% EOU engaged in blending, packing and export of tea bags and tea packets

July 21, 2010 1382 Views 0 comment Print

In this context we notice that the decision of the Supreme Court in TARA AGENCIES’ case abovereferred was on assessee’s entitlement for weighted deduction on export market development allowance provided under Section 35B(1A) of the Act which is no longer in the statute. In our view, the scheme of deduction of export market developmen

100% EOU is entitled to benefit of refund of Cenvat Credit under rule 5 of Cenvat Credit Rules, even if the final products are exempted

April 21, 2010 4214 Views 0 comment Print

The respondent is a 100% Export Oriented Unit (‘EOU’ for short) engaged in the manufacture of parts of agricultural and farm equipment which are chargeable to ‘Nil’ rate of duty under Central Excise Tariff Act, 1985 (Tariff Act). The respondent filed three refund claims with the Assistant Commissioner of Customs, Bengaluru under Rule 5 of the Cenvat Credit Rules, 2004, being the unutilised credit availed by the respondent in respect of certain inputs used in the manufacture and export of their final product.

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