SEZ Letters of Approval govern unit establishment, commencement, renewal, modifications, and separate accounting for dual operations. Letters of Approval for Special Economic Zone units specify authorised manufacture or services, export and Net Foreign Exchange projections, Domestic ... Summary
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SEZ Letters of Approval govern unit establishment, commencement, renewal, modifications, and separate accounting for dual operations.
Letters of Approval for Special Economic Zone units specify authorised manufacture or services, export and Net Foreign Exchange projections, Domestic Tariff Area sale limits, and other operational conditions. The Approval Committee may permit eligible modifications, entrepreneur changes involving takeover of assets and liabilities, and mergers of qualifying units in the same zone. Approval is conditional on commencement within its validity period, failing which it lapses. After commencement, it operates as a licence for authorised operations and may be renewed based on export performance, employment, statutory compliance, payment defaults, and absence of unauthorised activities.
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