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          Monitoring of SEZ units: failure to meet foreign exchange or compliance obligations may trigger penal action under trade law. Approval Committee oversight requires monitoring of SEZ units' performance; failure to achieve positive Net Foreign Exchange Earning or to comply with the Letter of Approval or Bond cum Legal Undertaking may attract penal action under the Foreign Trade (Development and Regulation) legislation, without prejudice to other legal remedies.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Monitoring of SEZ units: failure to meet foreign exchange or compliance obligations may trigger penal action under trade law.

                                  Approval Committee oversight requires monitoring of SEZ units' performance; failure to achieve positive Net Foreign Exchange Earning or to comply with the Letter of Approval or Bond cum Legal Undertaking may attract penal action under the Foreign Trade (Development and Regulation) legislation, without prejudice to other legal remedies.


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