Problem Statement:
An MSME medical device company sought to establish a 100% Export Oriented Unit (EOU) in India. The company aimed to import, assemble, and re-export medical devices to overseas markets. The primary objective was to avail the benefits of EOU registration, including exemptions from customs duties on imports and exports, to enhance their global competitiveness.
Our Solution:
- Eligibility Assessment:
D2R evaluated the company’s operations and ensured they met the criteria for EOU registration, including compliance with customs and export-related regulations. - Documentation and Application:
- Prepared and submitted the application for EOU registration, detailing the company’s business plan, expected export turnover, and import requirements.
- Provided supporting documents, including IEC (Importer Exporter Code), company incorporation details, and manufacturing facility information.
- Regulatory Coordination:
- Liaised with the Development Commissioner of the SEZ (Special Economic Zone) and other relevant authorities to expedite the registration process.
- Ensured compliance with all requirements under the Foreign Trade Policy for EOU registration.
- Operational Setup Guidance:
Supported the company in streamlining processes to take full advantage of EOU benefits, including duty-free imports of raw materials and tax exemptions on exports.
Outcome:
The MSME company successfully obtained its EOU registration, enabling them to import raw materials and assemble medical devices for re-export without incurring customs duties. This significantly reduced operational costs and enhanced profitability, positioning the company for greater success in international markets.
