EOUs - Out of Bond-age - DGFT syncs with CBEC
BY Notification No. 44/2016-Cus., dated 29.07.2016, the Government has decided to to do away with the need to comply with warehousing provisions by
1. Export Oriented Units (EOUs),
2. Electronics Hardware Technology Park Units (EHTPs),
3. Software Technology Park Units (STPIs) and
4. Bio-Technology Park (BTP) Units
(Please see 01 08 2016). This has come into force from 13.08.2016
Now, the DGFT has also made the required changes in the Foreign Trade Policy and Hand Book of Procedures(HBP) to give effect to the CBEC Notification - also with effect from 13.08.2016. DGFT worked on a Saturday to issue this notification.
DGFT Notification 22/2015-2020., Dated: August 13, 2016
DGFT Public Notice No. 25/2015-2020., Dated: August 13, 2016