Question
There is completely licence free and duty-free import facility for all production inputs for Export processing Zones and Export-Oriented-Units.
Answer :
Word Count : 270
The statement highlights a significant policy incentive designed to promote export-oriented production through Export Processing Zones (EPZs) and Export-Oriented Units (EOUs). These zones are established with the objective of enhancing foreign exchange earnings, increasing industrial production, and generating employment. Under this policy, all production inputs required for manufacturing goods intended for export can be imported without the need for an import license and without paying customs duties. _________ _________ ____ ______ _________.
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The statement highlights a significant policy incentive designed to promote export-oriented production through Export Processing Zones (EPZs) and Export-Oriented Units (EOUs). These zones are established with the objective of enhancing foreign exchange earnings, increasing industrial production, and generating employment. Under this policy, all production inputs required for manufacturing goods intended for export can be imported without the need for an import license and without paying customs duties. _________ _________ ____ ______ _________.
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