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of <h1>Special Economic Zone Units Face Penalties for Violations Under SEZ Rules 15 & 54 and Foreign Trade Act 1992.</h1> The performance of Special Economic Zone (SEZ) units is monitored by the Approval Committee as per SEZ Rules 15 and 54. If a unit fails to achieve positive Net Foreign Exchange Earnings or violates terms of the 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 legal actions applicable at the time.
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