EOUs, like SEZs, are organizations dedicated to boosting exports and foreign exchange profits. Export-oriented businesses find the option of functioning as an Export-Utilization Unit (EOU) appealing since it offers duty-free import and procurement rights, tax exemptions on earnings earned from export activities, and other benefits. If we examine the current provision under the plan, on export of commodities which are categorized under the notified 8-digit HS Code, qualified exporters would get a rebate at a notified rate as a percentage of FOB value with a value cap per unit of the exported product, wherever necessary.
Having stated that, a set amount of the rebate per unit may also be communicated for certain export commodities. The RoDTEP value cap and refund rates per unit will be published in Appendix 4R.Along with any adjustments that may be required in light of the previously indicated budget control measures, a yearly assessment of the RoDTEP rates and advance notification prior to the start of the fiscal year would also be undertaken.
Amended Provision
When exporting goods that fall under the notified 8-digit HS Code, qualifying exporters would be able to receive a rebate under the scheme, which would be paid out at a notified rate as a percentage of FOB value with a value cap per unit of the exported product, if necessary. However, a set amount of the rebate per unit may also be communicated for certain export commodities. The Appendices 4R and 4RE [for exports of items manufactured by Advance Authorization holders (excluding Deemed Exports), EOU, and SEZ units] shall contain notifications on the rates of rebate and value cap per unit under RoDTEP. Along with any adjustments that may be required in light of the previously indicated budget control measures, a yearly assessment of the RoDTEP rates and advance notification prior to the start of the fiscal year would also be undertaken.
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