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of <h1>Export Oriented Units Must Maintain Positive Net Foreign Exchange Earnings Over Five Years for Compliance</h1> Export Oriented Units (EOUs) operate under the Development Commissioner of the Special Economic Zone (SEZ) or the designated officer from the Ministry of Communication and Information Technology, who serve as licensing authorities. They are tasked with monitoring export performance as per specific guidelines. The Net Foreign Exchange Earning (NFE) concept, introduced in 2003-04, requires EOUs to maintain a positive NFE over a five-year period. If they fail, the Development Commissioner must notify Customs for duty recovery. The Development Commissioner also oversees foreign exchange realization in coordination with the Reserve Bank of India, with performance monitored by the Unit Approval Committee.
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