Monitoring of EOU performance: Unit Approval Committee oversight with prescribed QPR/APR; no show-cause for early NFE shortfalls. Monitoring of EOUs is performed by the Unit Approval Committee on a six-monthly basis using prescribed QPR/APR formats to review Net Foreign Exchange performance; prior joint monitoring by customs and development authorities was replaced by Committee oversight. Shortfalls in NFE in the first two years do not attract show-cause notices and units are kept under watch.
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Provisions expressly mentioned in the judgment/order text.
Monitoring of EOU performance: Unit Approval Committee oversight with prescribed QPR/APR; no show-cause for early NFE shortfalls.
Monitoring of EOUs is performed by the Unit Approval Committee on a six-monthly basis using prescribed QPR/APR formats to review Net Foreign Exchange performance; prior joint monitoring by customs and development authorities was replaced by Committee oversight. Shortfalls in NFE in the first two years do not attract show-cause notices and units are kept under watch.
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