Net Foreign Exchange Earnings requirement applies to SEZ units, with exclusions for certain IFSC fund and insurance inflows. SEZ units must achieve positive Net Foreign Exchange Earnings on a cumulative basis over the prescribed multi year period from commencement of production ... Summary
Net Foreign Exchange Earnings requirement applies to SEZ units, with exclusions for certain IFSC fund and insurance inflows.
SEZ units must achieve positive Net Foreign Exchange Earnings on a cumulative basis over the prescribed multi year period from commencement of production under Rule 53. Exclusions to the NFE computation include inflows and investments and returns from investible funds for IFSC Alternate Investment Funds and Mutual Funds, and the portion of IFSC Insurance Office premium income above retained management expense limits together with related investments, returns and insurance or reinsurance claim payments.
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