Export Business Ideas You Can Start, Start Your Own Export Oriented Unit and Most Profitable Project - List of Profitable Business Ideas, Best Business Opportunities, Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects
Export oriented units are units undertaking to export their entire production of goods. EOUs can be engaged in manufacturing, services, development of software, repair, remaking, reconditioning, re-engineering including making of gold / silver / platinum jewellery and articles. Further, units involved in agriculture, agro-processing, aquaculture, animal husbandry, bio-technology, floriculture, horticulture, pisciculture, viticulture, poultry, sericulture and granites can also obtain the status of EOU. Export Oriented Units (EOUs) now constitute a very important sector in the country’s Export Production scenario.
Benefits of Export Oriented Units
The following are the benefits enjoyed by Export Oriented Units:
• EOUs are allowed to procure raw material or capital good duty free, either through import or through domestic sources;
• EOUs are eligible for reimbursement of Central Sales Tax (CST);
• EOUs are eligible for reimbursement of duty paid on fuels procured from domestic oil companies;
• EOUs are eligible for CENVAT credit on the goods and services and refund thereof;
• Fast track clearance facilities;
• Exemption from industrial licensing for manufacture of items reserved for SSI sector.
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