SEZ Units Face Penal Action for Non-Compliance with Positive Net Foreign Exchange Earning Under Rules 15 & 54
The performance of Special Economic Zone (SEZ) units is monitored by the Approval Committee as per Rules 15 and 54 of the SEZ Rules. If a unit fails to achieve positive Net Foreign Exchange Earning or violates the terms of its Letter of Approval or Bond-cum-Legal Undertaking, it may face penal action under the Foreign Trade (Development and Regulation) Act, 1992. This is in addition to any other applicable legal actions.