Friday, 29 May 2020
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Trade by Export-Oriented Industrial Units

Rajya Sabha Total foreign exchange earned by the Export Oriented Units (EOUs) during the year 2004-05, 2005-06 and 2006-07 (April-December) were to the extent of approximately US $ 8700 million, US $ 11200 Million and US $ 8100 Million (provisional) respectively. The share of EOUs in the total exports of the country was about 10.45%, 10.84% and 9.07% during the year 2004-05, 2005-06 and 2006-07 (April-December) respectively.

Units under export oriented scheme are eligible for fiscal concessions which include duty free import, domestic procurement and reimbursement of Central Sales Tax (CST) on capital goods, raw materials, consumables for their production activities and corporate tax exemption on export income for a period of 10 years.

This was stated by the Minister of State for Commerce, Shri Jairam Ramesh, in a written reply in the Rajya Sabha today.

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