EOU - Provisional assessment of imports made by 100% EOU to be done to avoid delay in clearance.

Document Text

Provisional assessment of imports made by 100% EOU to be done to avoid delay in clearance: F. No. 305/25/91-FTT, dated 11th, September, 1991. Government of India, Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, New Delhi. Sub; - Fixation of Provisional Duty on imported Raw Materials: I am directed to say that it has been represented to the Board that at times there is undue delay in classification/assessment of bills of entry relating to clearance of raw materials imported by the 100% Export Oriented Units and Units in the Export Processing Zones. 2. While instructions have already been issued regarding expeditious clearance of all categories of imported cargo, it has to' be particularly ensured that there is no unnecessary hold up of goods imported by the 100% EOUs, units in the FTZ/ EPZ etc. Generally, all such imports are permitted duty free. In a particular case, if any delay is anticipated in classifying the goods under the tariff, the Customs Houses may allow the raw materials to be cleared on provisional assessment basis and subsequently determine the exact duty liability for purposes of record. Provisional assessment should however be resorted to with the concurrence of the Additional Collector and it should be ensured that the importer otherwise fulfills all the conditions for duty free imports.

HS Codes Referenced

Need the current duty rate?

Calculate the full duty cascade — BCD, SWS, IGST and trade remedies — for any HS code, free.