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Special Economic Zone approval requires export obligation, compliance with NFE and pollution norms, with defined commencement, validity and renewal rules. Form G Letter of Approval authorises establishment of a unit in a Special Economic Zone for specified manufacturing, services and trading, subject to the SEZ Act and rules. Conditions include execution of a Bond-cum-Legal Undertaking, an export obligation from commencement, pollution control compliance, and achieving positive Net Foreign Exchange; non compliance attracts penal action. The unit may import or procure from the Domestic Tariff Area (except prohibited items) and may supply to the Domestic Tariff Area under SEZ provisions. The approval is time limited, requires intimation of commencement, acceptance of terms and correspondence with the Development Commissioner for amendments, extensions, renewal or exit.
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Special Economic Zone approval requires export obligation, compliance with NFE and pollution norms, with defined commencement, validity and renewal rules.
Form G Letter of Approval authorises establishment of a unit in a Special Economic Zone for specified manufacturing, services and trading, subject to the SEZ Act and rules. Conditions include execution of a Bond-cum-Legal Undertaking, an export obligation from commencement, pollution control compliance, and achieving positive Net Foreign Exchange; non compliance attracts penal action. The unit may import or procure from the Domestic Tariff Area (except prohibited items) and may supply to the Domestic Tariff Area under SEZ provisions. The approval is time limited, requires intimation of commencement, acceptance of terms and correspondence with the Development Commissioner for amendments, extensions, renewal or exit.
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