Net Foreign Exchange obligation tied to block period measurement; failure triggers staged notices and eventual penal action. Calculation of Net Foreign Exchange shall be cumulative over the block period as per para 6.5 of FTP, replacing prior five year references; units must achieve positive NFE for the block period. Failure triggers staged administrative steps: a cautionary letter after one year, a show cause notice at the end of the third or subsequent year, and initiation of penal action by the Development Commissioner after completion of the block period under the FT(D&R) Act, 1992, with final decision aimed within six months and in any event within one year.
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Net Foreign Exchange obligation tied to block period measurement; failure triggers staged notices and eventual penal action.
Calculation of Net Foreign Exchange shall be cumulative over the block period as per para 6.5 of FTP, replacing prior five year references; units must achieve positive NFE for the block period. Failure triggers staged administrative steps: a cautionary letter after one year, a show cause notice at the end of the third or subsequent year, and initiation of penal action by the Development Commissioner after completion of the block period under the FT(D&R) Act, 1992, with final decision aimed within six months and in any event within one year.
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