SEZ unit licensing: LOP/LOI treated as a licence and reporting and monitoring obligations strengthened. Amendments revise Handbook provisions to treat Letters of Permission/Intent for EOU/EPZ/EHTP/STP/SEZ units as licences, require SEZ unit applications in five copies to the Development Commissioner and execution of a prescribed legal undertaking, allow prompt issuance of amended LOPs on change of activity, set utilisation and approval periods for imported goods, extend multiple Handbook provisions to SEZ units, permit specified export and subcontracting arrangements, and strengthen reporting and monitoring through prescribed on-line/quarterly formats and performance criteria based on Net Foreign Exchange Performance and export obligations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
SEZ unit licensing: LOP/LOI treated as a licence and reporting and monitoring obligations strengthened.
Amendments revise Handbook provisions to treat Letters of Permission/Intent for EOU/EPZ/EHTP/STP/SEZ units as licences, require SEZ unit applications in five copies to the Development Commissioner and execution of a prescribed legal undertaking, allow prompt issuance of amended LOPs on change of activity, set utilisation and approval periods for imported goods, extend multiple Handbook provisions to SEZ units, permit specified export and subcontracting arrangements, and strengthen reporting and monitoring through prescribed on-line/quarterly formats and performance criteria based on Net Foreign Exchange Performance and export obligations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
