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A fast track clearance Procedure for Export Oriented Units (EOUs) having status holder certificate under the Foreign Trade Policy (FTP) was announced vide public notice No: 50/2004-09 dated 24th January 2005 and was available on the DGFT website www.nic.in/eximpol. The scheme will facilitate the functioning of performing EOUs by lowering the transaction cost. This was informed by the Union Minister of State for Commerce and Industry, Shri EVKS Elangovan, in a written reply in the Lok Sabha here today.
The scheme has been given effect by the issuance of Custom Circular No: 12/2005 –Cus. dated 4/ 3/ 2005 by the Department of Revenue.
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