Govt panel to recast rules for EOUs

“EOUs should be re-modeled because challenges and environment have changed. So we need to re-write the rules and procedures. We are working out a committee to review it,” Additional Secretary in the Ministry D K Mittal told reporters here.  He, however, clarified that the committee would not take up any tax or revenue issues.

Exports from EOUs have increased to US$15.45 billion (Rs 71,083 crore) in 2009-10 from US$3.93 billion (Rs 18,735 crore) in 2001-02.

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