Minimum investment threshold for EOUs establishes a plant and machinery floor, with sectoral exemptions and BOA discretion. Amendment to the Foreign Trade Policy amends sub paragraph 6.6(d) to require a minimum investment in plant and machinery as an eligibility criterion for establishment as Export Oriented Units, while exempting existing units and specified sectors (EHTP/STP/BTP, handicrafts, agriculture, floriculture, aquaculture, animal husbandry, information technology, services, brass hardware and handmade jewellery) and preserving Board of Approval discretion to permit lower investment in appropriate cases.
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Provisions expressly mentioned in the judgment/order text.
Minimum investment threshold for EOUs establishes a plant and machinery floor, with sectoral exemptions and BOA discretion.
Amendment to the Foreign Trade Policy amends sub paragraph 6.6(d) to require a minimum investment in plant and machinery as an eligibility criterion for establishment as Export Oriented Units, while exempting existing units and specified sectors (EHTP/STP/BTP, handicrafts, agriculture, floriculture, aquaculture, animal husbandry, information technology, services, brass hardware and handmade jewellery) and preserving Board of Approval discretion to permit lower investment in appropriate cases.
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