Export Oriented Units (EOUs) can now avail the facility to electronically lodge their security deposit, report goods to be imported, declare any shortages on receipt of imported goods, file monthly returns and get credit in the current security deposit account under the Customs (Import of Goods at Concessional Tariff or for Specific End Use) Rules, 2022 (IGCRS Rules).
EOUs are allowed to import their required raw materials, components, consumables, capital goods, spare parts etc. without payment of any import duty under the Customs Exemption Notification No. 52/2003-Customs dated 31 March 2003. Initially, the notification provided that for obtaining
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