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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Ministry Clarifies Net Foreign Exchange Calculation for FTWZ Units: Exclude Warehousing Services, Include Goods Sales Per SEZ Rules 53(k) & 53(o.</h1> The circular from the Ministry of Commerce and Industry addresses concerns regarding the calculation of Net Foreign Exchange (NFE) by Free Trade and Warehousing Zone (FTWZ) units. It clarifies that when FTWZ units provide warehousing services for goods held on behalf of foreign suppliers within a Special Economic Zone (SEZ), the value of these goods should not be included in NFE calculations, as per Rule 53(k) of the SEZ Rules, 2006. Conversely, if FTWZ units purchase and sell goods, the value of these goods in the SEZ warehouse should be included in NFE calculations, following Rule 53(o).
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