Chapter IV - TERMS AND CONDITIONS FOR GRANT OF PERMISSION TO OPERATE INCLUDING AVAILING EXEMPTIONS, DRAWBACKS AND CONCESSIONS (From Rule 22 to Rule 46)
Regularisation of SEZ shortfall requires deposit to cure bona fide failure to meet foreign exchange or value addition obligations. If a Special Economic Zone Unit, in a bona fide default, fails to achieve the minimum specified Net Foreign Exchange or specified value addition, the shortfall may be regularised after the Unit deposits an amount equal to one per cent of the shortfall in Free on Board value.
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Provisions expressly mentioned in the judgment/order text.
Regularisation of SEZ shortfall requires deposit to cure bona fide failure to meet foreign exchange or value addition obligations.
If a Special Economic Zone Unit, in a bona fide default, fails to achieve the minimum specified Net Foreign Exchange or specified value addition, the shortfall may be regularised after the Unit deposits an amount equal to one per cent of the shortfall in Free on Board value.
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