6.11 — Other Entitlements

Other entitlements of EOU/EHTP/STP/BTP units are as under:

• (b) Export proceeds will be realized within nine months.

• (c) Units will be allowed to retain 100% of its export earnings in the EEFC account.

• (d) Unit will not be required to furnish bank guarantee at the time of import or going for job work in DTA, where:

  • (i) the unit has turnover of Rs. 5 crore or above;

  • (ii) the unit is in existence for at least three years; and

  • (iii) the unit:

    • (1) has achieved positive NFE / export obligation wherever applicable; and

    • (2) has not been issued a show cause notice or a confirmed demand, during the preceding 3 years, on grounds other than procedural violations, under the penal provision of the Customs Act, CGST/SGST/UTGST//IGST Acts, the Central Excise Act, the Foreign Trade (Development & Regulation) Act, 1992, the Foreign Exchange Management Act, the Finance Act, 1994 covering Service Tax or any allied Acts or the rules made thereunder, on account of fraud / collusion/ willful mis-statement / suppression of facts or contravention of any of the provisions thereof; or has achieved necessary certification as an Authorised Economic Operator and has not been issued a show cause notice or a confirmed demand, during the preceding 3 years, on grounds other than procedural violations, under the penal provision of the Foreign Trade (Development & Regulation) Act, 1992 and the Foreign Exchange Management Act.

ring the preceding 3 years, on grounds other than procedural violations, under the penal provision of the Foreign Trade (Development & Regulation) Act, 1992 and the Foreign Exchange Management Act.

• (e) 100% FDI investment permitted through automatic route similar to SEZ units.

• (f) The Units Approval Committee may consider on a case-to-case basis request for sharing of infrastructural facilities among EOUs and it shall forward its recommendation to the Board of Approval for its consideration. While accepting such proposals, the NFE obligations of the units shall not be altered. Such facilities will be available to units in EHTP / STP after getting approval from IMSC. However, sharing of facilities between EOUs and SEZ Units shall not be permitted.

• (a) Exemption from industrial licensing for manufacture of items reserved for micro and small enterprises.

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Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)