FOREIGN TRADE POLICY

Conversion

 Provisions dealing with conversion of an existing DTA unit into an EOU/EHTP/STP/BTP unit is amended to provide that where DTA unit has taken EPCG authorization, the conversion would be permitted only if either the unit has fulfilled the stipulated Export Obligation and has obtained Export Obligation Discharge Certificate or has made payment of applicable duties and taxes and compensation cess on capital goods imported under the EPCG Scheme.

 Previously, in case of an outstanding export commitment under the EPCG scheme, the same was to be added to the future export obligation by adding value of capital goods to the imported capital goods value of the EOU and all previous obligations under EPCG would cease to exist on such inclusion (Appendix-6M to the erstwhile HBP)

Chapter 10

SCOMET: SPECIAL CHEMICALS, ORGANISMS, MATERIALS, EQUIPMENT AND TECHNOLOGIES