SIMPLER NORMS FOR EXPORT UNITS

The Central Board of Excise and Customs (CBEC) has introduced several simplified procedures for export oriented units (EOUs), including allowing import of goods without payment of duty on the basis of pre-authenticated procurement certificates to units with physical export turnover of  Rs. 15 crore and above in the preceding financial year and a clean track record. Earlier, such procurement certificates issued by the jurisdictional office of CBEC were required.