Removal of time limit for export proceeds realisation empowers SEZ units to repatriate export value subject to procedural compliance. SEZ units may repatriate export proceeds without any prescribed time limit while complying with GR/PP/SOFTEX procedures. They may undertake job work abroad with processing charges loaded into export price and ensured realisation arrangements. Gem and jewellery units and EOUs may accept specified precious metals as payment if contractually provided and values shown in export forms. Bilateral netting of export receivables against import payments is permitted subject to documentation, separate reporting, exclusion of ACU transactions, and submission of supporting documents. Equity issuance to non residents against import of capital goods is allowed with valuation committee verification and FC GPR reporting.
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Provisions expressly mentioned in the judgment/order text.
Removal of time limit for export proceeds realisation empowers SEZ units to repatriate export value subject to procedural compliance.
SEZ units may repatriate export proceeds without any prescribed time limit while complying with GR/PP/SOFTEX procedures. They may undertake job work abroad with processing charges loaded into export price and ensured realisation arrangements. Gem and jewellery units and EOUs may accept specified precious metals as payment if contractually provided and values shown in export forms. Bilateral netting of export receivables against import payments is permitted subject to documentation, separate reporting, exclusion of ACU transactions, and submission of supporting documents. Equity issuance to non residents against import of capital goods is allowed with valuation committee verification and FC GPR reporting.
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