Net Foreign Exchange requirement mandates cumulative positive NFE over five years with detailed calculation and compliance criteria. The Rules amend SEZ compliance and procedures: proposals must meet a positive net foreign exchange requirement and applicable value addition. Renewal of Letter of Approval is clarified-Development Commissioner examines delayed filings for reasonableness and renewal considers export performance, employment, statutory violations, defaults and unsanctioned activities, with appeal to the Board under rule 55. Work-from-home for IT/ITES SEZ employees is permitted subject to identity, project scope, secured connectivity, export accounting and I-Card surrender. Rule 53 prescribes a five-year cumulative NFE calculation (A - B > 0) with detailed inclusions, amortisation and Gems & Jewellery value-add rules. Form I is replaced with a comprehensive Annual Performance Report format.
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 mandates cumulative positive NFE over five years with detailed calculation and compliance criteria.
The Rules amend SEZ compliance and procedures: proposals must meet a positive net foreign exchange requirement and applicable value addition. Renewal of Letter of Approval is clarified-Development Commissioner examines delayed filings for reasonableness and renewal considers export performance, employment, statutory violations, defaults and unsanctioned activities, with appeal to the Board under rule 55. Work-from-home for IT/ITES SEZ employees is permitted subject to identity, project scope, secured connectivity, export accounting and I-Card surrender. Rule 53 prescribes a five-year cumulative NFE calculation (A - B > 0) with detailed inclusions, amortisation and Gems & Jewellery value-add rules. Form I is replaced with a comprehensive Annual Performance Report format.
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