Net Foreign Exchange requirement: Units must achieve positive cumulative foreign exchange earnings over the prescribed block period or face regulatory conditions. Amendments require National Security Clearance in approvals, channel submissions through the jurisdictional Development Commissioner, and replace certain Board functions with an Approval Committee. The rules align SEZ procedures with Central, Integrated and State GST, update Drawback and export documentation requirements, and expand domestic procurement to include goods and services. Renewal of Letters of Approval is formalised with Form F1/F2 and evaluation criteria; Net Foreign Exchange computation and gems and jewellery value addition rules are substituted. Exit requires a legal undertaking in Form L and shortfalls may be regularised by specified deposit conditions.
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.
Net Foreign Exchange requirement: Units must achieve positive cumulative foreign exchange earnings over the prescribed block period or face regulatory conditions.
Amendments require National Security Clearance in approvals, channel submissions through the jurisdictional Development Commissioner, and replace certain Board functions with an Approval Committee. The rules align SEZ procedures with Central, Integrated and State GST, update Drawback and export documentation requirements, and expand domestic procurement to include goods and services. Renewal of Letters of Approval is formalised with Form F1/F2 and evaluation criteria; Net Foreign Exchange computation and gems and jewellery value addition rules are substituted. Exit requires a legal undertaking in Form L and shortfalls may be regularised by specified deposit conditions.
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