Export policy amendments permit rupee settlement with specified buyers and expand EOU/SEZ import export flexibilities, subject to RBI approval. Amendments revise operational rules: imports of spares under a capital goods scheme are capped relative to CIF value; EOU/EPZ/EHTP/STP units with substantial investment must maintain positive NFE; certain units may export to the Russian Federation in Indian rupees subject to central bank clearance; Development Commissioners may approve SEZ unit applications meeting Handbook criteria while other proposals and those needing industrial licence go to the Board of Approval; SEZ units may import duty free all goods required for activities, including second hand capital goods.
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Provisions expressly mentioned in the judgment/order text.
Export policy amendments permit rupee settlement with specified buyers and expand EOU/SEZ import export flexibilities, subject to RBI approval.
Amendments revise operational rules: imports of spares under a capital goods scheme are capped relative to CIF value; EOU/EPZ/EHTP/STP units with substantial investment must maintain positive NFE; certain units may export to the Russian Federation in Indian rupees subject to central bank clearance; Development Commissioners may approve SEZ unit applications meeting Handbook criteria while other proposals and those needing industrial licence go to the Board of Approval; SEZ units may import duty free all goods required for activities, including second hand capital goods.
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