EOU REGD.

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Querist : Anonymous (Querist)

26 November 2010 how can i register eou & what is the proceedur?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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26 November 2010 100% EOU Registration Procedure
Project Report with all Commercial & Technical Viability along with Application in triplicate as per Appendix 14 I-A should be submitted to Development Commissioner Office.
1. Crossed DD of Rs. 5,000/- of Central Bank of India drawn in favour of “Pay & A/c Officer, Ministry of Commerce & Industry, Dept. of Commerce, payable at Central Bank of India, Udyog Bhavan, New Delhi
2. Investment should be Re. 1/- crore in Building, Plant & Machinery on coming into production of the unit (This shall, however, not apply to existing units and units in EHTP/STP/ Handicrafts/ Agriculture/ Floriculture/ Aquaculture/ Animal Husbandry/ Information Technology, services and such other sectors as decided by BOA).
3. Project Report should include:-
a. Profile of Promoters/ Directors/ Partners/ Proprietor
b. Name, Address & experience of the proprietor/ directors/ partners
c. Manufacturing process & flow chart & description
d. Buy back/ Marketing tie-up arrangements
e. Means of Finance/ Source of Finance/ Cost of project
f. Projected P/L (Profit & Loss Account) & B/S (Balance Sheet) for the next 5 years
g. In case of conversion of DTA unit into EOU P/L & B/S for the last 3 years
h. Present and proposed activity of the applicant.
5. Permanent Email and website of the company/ firm & Digital Signature of the Authorize Signatory
6. Projected list of Imported / Indigenous capital Goods
7. Projected list of Imported / Indigenous raw material
8. List of Machinery and Raw Material installed or in stock in case of existing units.

APPLICATION FOR SETTING UP EOUs or UNITS IN SPECIAL ECONOMIC ZONE
(APPENDIX- 14 –I A)
The project is approved and the Letter of Permission, Green Card, and Attested List of Proposed Plant & Machinery & Raw Material is approved. An Export Obligation Agreement or LUT is executed between the EOU unit & Development Commissioner.
Procedure of Custom Bonding u/s 58 & 65 of Customs Act, 1962
1. Application for Custom Bonding.
2. Copy of Approval Letter received from DC.
3. Copy of Green Card issued by DC.
4. List of proposed Plant & Machinery of Capital Goods attested by DC.
5. LUT executed with DC for Export Commitment.
6. Process of Manufacture (Software Development Process).
7. Supplementary Terms and Conditions, duly accepted on Rs. 100/- Stamp Paper
8. Solvency Certificate.
9. B – 17 Bond & Bank Guarantee
10. Affidavit by the Director
11. Insurance for Fire & Burglary.
12. Bank Guarantee.
The premises are inspected by the designated officers of Central Excise / Customs, to ensure that the premises are safe, secured and with right working conditions for commencement of Production. Also if applicable any environmental & pollution control NOC are required for the set up. Subject to fulfillment of this norm the premises of EOU are approved as a Customs bonded warehouse under the warehousing provisions of the Customs Act. The manufacturing and other operations are carried out under customs bond and the unit bearing appropriate charges for officers on cost recovery basis. In case of units in Aquaculture, Horticulture, Floriculture, Granite quarrying etc exemption from bonding is given for administrative reasons with certain other safeguards being put in place to check that duty free benefits where availed are not abused. The EOUs are required to execute a multipurpose bond with surety/ security with jurisdictional Customs/ Central Excise officers. (Reference Board’s Circular No. 15/95-Cus, dated 23-2-1995)

For more info:- http://www.eouindia.gov.in/eou_settingup.htm

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