Net foreign exchange earnings requirement for SEZ units clarified; IFSC investment and specified insurance inflows excluded from calculation. SEZ units must achieve positive Net Foreign Exchange Earnings calculated cumulatively over a five year period from commencement of production. Exempted ... Summary
Net foreign exchange earnings requirement for SEZ units clarified; IFSC investment and specified insurance inflows excluded from calculation.
SEZ units must achieve positive Net Foreign Exchange Earnings calculated cumulatively over a five year period from commencement of production. Exempted from that calculation are inflows, investments, returns and payments to investors linked to Alternate Investment Fund or Mutual Fund units in an International Financial Service Centre, and premium income retained for specified management expenses, related investments and returns, and insurance or reinsurance claim payments by IFSC insurance offices.
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