Scribd
Upload
35 views3 pages

(Please See para 6.18 (D) of FTP) : Appendix-6K Guidelines For Exit of Eou/Ehtp/Stp Units

Uploaded by

Tadilakshmikiran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
35 views3 pages

(Please See para 6.18 (D) of FTP) : Appendix-6K Guidelines For Exit of Eou/Ehtp/Stp Units

Uploaded by

Tadilakshmikiran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

APPENDIX-6K

GUIDELINES FOR EXIT OF EOU/EHTP/STP UNITS

(Please see Para 6.18 (d) of FTP)

a) Applicable customs and excise duties would be paid, on the imported and indigenous capital goods, raw
materials, components, consumables, spares and finished goods in stock. The unit may be allowed to
dispose off raw material, components, consumables etc. against duty free licenses. The unit may also be
permitted to export the CG, raw material/components etc.

b) The penalty imposed by the appropriate authority, under the Foreign Trade (Development and
Regulation)Act, 1992, as amended, for non-fulfillment of the conditions of approval, would be paid. In
case an appeal against an order imposing penalty is pending, exit from the Scheme would be considered
if the unit has obtained a stay order from Competent Authority and has furnished a Bank Guarantee for
the penalty adjudicated by the appropriate authority unless the appellate authority makes a specific order
exempting the unit from this requirement.

c) In case the unit has failed to fulfill the terms and conditions of LOA and penal proceedings are to be taken
up/are in process, a legal undertaking for payment of penalties, that may be imposed, would be executed
with the concerned Development Commissioner as per enclosed proforma at ANNEXURE.

d) EOUs wishing to continue operations in the DTA would need to comply with industrial, locational,
environment or other laws, rules and regulations in force for DTA units.

Note:
i) The unit would fulfill the above mentioned standard conditions in a period of six months from the
date of issue of ‘in principle’ exit letter and obtain final exit permission from the Development
Commissioner/SIA (in case manufacturing of item requires Industrial Licence) failing which the
approval granted would lapse automatically. DC may however allow a further extension for
fulfillment of the standard conditions in deserving cases.

ii) Further, the unit would continue to be treated as EOU/EHTP/STP unit till the date of final exit
order or issue of fresh LOP under the new scheme in cases of conversion from one scheme to
the other and subject to monitoring of the stipulated obligations under the relevant scheme.
ANNEXURE

FORM OF LEGAL UNDERTAKING FOR EXIT OF THE UNIT

M/s ___________________________ _____________________ were granted LOA/LOP


No.______________________________________ dated ________________ for setting up a EOU Unit
__________________________ at ________ for the manufacture and export of
____________________________________________ subject inter-alia to the condition that they would achieve
positive NFE on cumulative basis as per provisions of EOU Scheme.

The unit filed a legal undertaking as per APPENDIX-6E of EOU Scheme on _______________________
with the President of India through the Development Commissioner,_____ SEZ for achieving the above mentioned
commitments.

As against the above commitments, the unit’s actual performance has been as under: -

Year Import Export


CG RM

The unit applied for exit from the EOU Scheme which was approved vide letter No._________________________
dated _______________ subject to, inter-alia, the condition that penalty imposed by appropriate Authority under
the F.T.(D&R) Act, 1992, as amended, for non fulfilment of the conditions of approvals would be paid.

In view of the approval for exit, I/We ___________________________________________________________


hereby undertake as under:

(i) That I/We _______________________________________________________ shall pay whatever


penalties are imposed by the Development Commissioner under FT(DR) Act for non-fulfilment of the terms
and conditions of LOA/LOP.

(ii) That I/We____________________________________________________ shall adhere to the mode of


payment of penalties, if any, and time frame in which penalties are required to be paid to the Director
General of Foreign Trade without any demur or protest.

Full and expanded description


of the unit with full address.

IN WITNESS WHEREOF the unit hereto has duly executed this agreement on
______________________________ this ______________________________ day of
___________________________201__ signed, sealed and delivered by the unit in the presence of :

1. Name ___________________________
Address ___________________________

2. Name ___________________________
Address ___________________________
___________________________

(To be authenticated/affirmed by Ist class Magistrate/ Notary Public)


Accepted by me on behalf of the President of India.

Dy./Jt. Development Commissioner, ___SEZ

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy