Export Oriented Undertaking definition
Export Oriented Undertaking means an undertaking which has been approved as a 100% EOU by the Board appointed in this behalf by the Central Government in exercise of the powers conferred by section 14 of the Industries (Development and Regulation) Act, 1951, and the rules made under that Act. 100% EOU shall be deemed to be registered u/r 9 of CE Rules, 2002, if they do not remove excisable Goods or procure excisable goods to/from domestic tariff area.
Export Oriented Undertaking means an undertaking which has been approved as a hundred per cent. export oriented undertaking by the Board of Approvals;