Dawn of the EOU Scheme
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- By Chetan Kulasri
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- Last Updated on 4 March, 2022
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Rajat Dosi – [2021] 133 taxmann.com 28 (Article)
The Export Oriented Unit scheme was introduced in India n 1980-81. This scheme was introduced with the objective of inter alia promoting exports from India, earning precious foreign exchange for India and attracting foreign investments into India.
Now, the charm of the EOU scheme has withered away, and a lot of units have either already deregistered themselves from the scheme or are in the process of de-registering. At the same time, even new units are not very keen on operating as an EOU. This article seeks to highlight few reasons which can be attributed to such rampant de-registration of EOUs in India and loss of interest in this scheme.
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