9.43
- Document type
- Policy
- Dated
- Category
- Exim Policy (upto 31/03/2001)
Transitional Arrangements
An existing EPZ unit will have the following options:
It can opt for SEZ scheme under this chapter. On conversion, its
previous obligations as an EPZ unit shall be subsumed by its
obligations under the SEZ scheme. The raw materials, components,
consumable and finished goods lying in stock with the unit at the
time of conversion shall be taken as its opening balance under
the SEZ scheme. All un-utilised DTA sale entitlements of the unit
shall cease to exist from the date of conversion as notified by
the Ministry of Commerce and Industry
In case an existing EPZ decides not to opt for (a) above, it can
either convert into an EOU or de-bond. In both the cases the unit
shall physically move out of the SEZ.
NOTE: In the case of units under EHTP/STP Schemes, necessary approval/ permission
under relevant paragraphs of this chapter shall be granted by the officer
designated by the Ministry of Information Technology for the purpose instead of
the Development Commissioner of EPZ and by the Inter-Ministerial Standing
Committee (IMSC) instead of BOA