EOUs - Out of Bond-age -Central Excise Notification Amended

By Vijay Kumar

BY Notification No. 44/2016-Cus., dated 29.07.2016, the Government has decided to to do away with the need to comply with Customs 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 DDT 2900 01 08 2016). This has come into force from 13.08.2016.

Perhaps at that time they forgot to amend the Central Excise Notification pertaining to EOUs - No. 22/2003-Central Excise dated the 31st March, 2003. The Government has now amended this notification to bring into effect the removal of mandatory warehousing.

Notification No. 31/2016-Central Excise, Dated: August 24 2016