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FAQ Procedures for Establishing 100% EOU
Q.1. Where and how to submit the application form for setting up the EOU?
A. The application for setting up a EOU or EPZ unit has be made in the format prescribed vide Appendix . This form can be downloaded from the DGFT website or from this site under the Heading Exim Policy and Procedures.

Q.2. Is there any Fees for the processing of the form?
A. Yes. Rs.5000/- by way of Demand Draft in favour of Pay & Accounts Officer, Ministry of Commerce and Industries , Dept. of Commerce, payable at Central Bank of India, New Delhi.

Q.3. What is Importer Exporter Code (IEC) and where can this be obtained?
A.Importer Exporter Code (IEC) is required for carrying out import or export activity. The units located in the EPZ or the EOUs can obtain the same from the Development Commissioners concerned. In respect of units operating in the Domestic Tariff Area, IEC can be obtained from the office of the Director General of Foreign Trade. This form can be downloaded from the DGFT website or from this site under the Heading Exim Policy and Procedures.

Q.4. What is DTA?
A.Domestic Tariff Area. The Units operating under certain specific schemes such as EPZ/SEZ/EOU are expected to carryout their activities within customs bonded area. The area which is not coming under the jurisdiction of custom bonded are called Domestic Tariff Area.

Q.5. What is NFEP and how is it calculated?
A.Net Foreign Exchange Earnings as a Percentage of exports (NFEP). The formula for calculation of NFEP is
  • A B / A * 100
  • A = FOB value of Exports
  • B = Value of Imported Capital goods, raw materials and outgo of foreign exchange by way of dividends, royalty, selling commission, foreign travel etc.


  • Q.6. What is LUT and how is it to be executed?
    A.Legal Undertaking is called LUT. Export Oriented Units / EPZ units are required to execute this undertaking with the concerned Development Commissioner. The format of LUT is available in appendix 14 D of the Hand Book of Procedures. This form can be downloaded from the DGFT website or from this site under the Heading Exim Policy and Procedures.

    Q.7. Whether the foreign investment made in EPZ/EOU units can be repatriated?
    A.Yes. Foreign Investment or NRI investment can be brought on repatriable or non repatriable basis. The dividends accruing on the foreign investments can also be repatriated.

    Q.8. Can second hand machinery be imported under EPZ/ EOU Scheme?
    A.Yes. Subject to provisions mentioned under para 6.3 of the Exim Policy.

    Q.9. Hat is EEFC account?
    A.Exporters of goods / services and other recipients of inward remittances in convertible foreign currency can open EEFC account to keep their foreign exchange earnings in the account.

    Q.10. What are the limits prescribed by Reserve Bank to keep the amount received by way of inward foreign remittances in EEFC accounts?
    A.A 100% EOU or a Unit in EPZ / STP / EHTP can keep upto 70% of their foreign exchange earnings in their account and use it for authorised, bonafide purposes and any other person resident in India can keep upto 50% of the foreign exchange earnings in this account.

    Q.11. Will a copy of the PAN application be accepted for issue of IEC? What is the procedure to get IEC?
    A.No. The exporter has to apply to the concerned authority in the form prescribed vide Appendix 8 to 11 in the Hand Book of Procedures (Vol.I) along with enclosures and fee mentioned in the form.

    Q.12. On completion of the five year period, and on fulfilling the Export obligation, NFEP, can a EOU/EPZ unit sell the machinery in the DTA?
    A.EPZ/EOU unit holders who do not wish to continue in the scheme can exercise their option for debonding and sell or clear the imported goods in the DTA on payment of applicable duties. Capital Goods can be debonded on payment of duty at the rate prevailing at the time of disposal on depreciated value. Raw materials and other goods can be cleared at the rate of duty prevailing on the date of disposal on value at which the same were procured.

    Q.13. Is Income tax holiday benefit applicable to Conversion units?
    A.As admissible under Section 10(b) of the Finance Act. Income-tax exemption to EOU/EPZ units is at present confined to 90% as per section 10A and 10B of the I.T. Act.

    Q.14. Can EOU/EPZ units dispose scrap/waste/remnants on self declaration basis?
    A.No. Scrap/Waste/remnants will have to be cleared as per norms prescribed in Appendix 14 L of Volume I of the Hand Book of Procedures or as per norms prescribed in the Duty Exemption Scheme. In case norms are not prescribed, they will have to be fixed with the approval of the Board of Approvals (BOA). Adhoc norms can be fixed by the Development Commissioner, but the same have to be ratified by the BOA within 6 months.

    Q.15. What is the advantage of setting up an export unit in the Zone vis-a-vis outside the zone?
    A.Foreign investors and investors unfamiliar with local environment would find, MEPZ an ideal location.
  • Well developed infrastructure
  • Locational advantage (airport, seaport, connection to city)
  • No necessity for customs bonding.
  • Interaction with external agencies minimized (Panchayat, Excise, Water Supply, Security/police)
  • Save cost recovery charges payable to Customs by EOUs outside.
  • Security of operation
  • Immediate response from MEPZ.


  • Q.16. Can a EOU/EPZ benefit from DEPB Scheme?
    A.No. EOU/EPZ units benefit from duty free import of capital goods and raw material used for export. This scheme cannot be combined with DEPB Scheme.

    Q.17. Can anyone set up an EPZ/EOU?
    A.Yes. An individual, partnership firm, Private Limited or Public Limited Companies can set up an EPZ/EOU. For most industries, the minimum export stipulated is US$ 1 million over a 5 year period or 3 times the imported value of CG. , whichever is higher. Special guidelines exist for sectors (Appendix -1). For an EOU, the policy stipulates a minimum investment of Rs.50 lakhs (agro-based industries are exempted), and a 5 year lease if the land is not owned by entrepreneur or on Govt. Lease. Prohibited items are not allowed to be imported, manufactured or exported.

    Q.18. What is BOA?
    A.BOA means Board of Approvals. The constitution of the Board, its powers and functions can be seen in the Annexure-I to the Appendix 14-B in the Hand Book of Procedures (Vol.I.).

    Q.19. How can a Chartered Accountant Certificate be filed along with APR on line?
    A.The unit can file the APR on line and send the Chartered Accountant's certificate by post.

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