NFE calculation requires deduction of CIF imports made under licences from FOB export value for recognition. Calculation of Net Foreign Exchange (NFE) for recognition as Export House requires deduction of the cif value of imports effected by 100% EOUs and EPZ units against a Letter of Permission/Letter of Intent, which are to be treated as imports against a licence; such cif import values must be deducted from the f.o.b. export value for NFE computation in terms of the EXIM Policy.
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.
NFE calculation requires deduction of CIF imports made under licences from FOB export value for recognition.
Calculation of Net Foreign Exchange (NFE) for recognition as Export House requires deduction of the cif value of imports effected by 100% EOUs and EPZ units against a Letter of Permission/Letter of Intent, which are to be treated as imports against a licence; such cif import values must be deducted from the f.o.b. export value for NFE computation in terms of the EXIM Policy.
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