https://www.taxtmi.com/circulars?id=4411 Calculation of Net Foreign Exchange shall be cumulative over the block period as per para 6.5 of FTP, replacing prior five year references; units must achieve positive NFE for the block period. Failure triggers staged administrative steps: a cautionary letter after one year, a show cause notice at the end of the third or subsequent year, and initiation of penal action by the Development Commissioner after completion of the block period under the FT(D&R) Act, 1992, with final decision aimed within six months and in any event within one year. en-us Wed, 23 Jul 2008 00:00:00 +0530 Fri, 25 Jul 2008 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4411 Calculation of Net Foreign Exchange shall be cumulative over the block period as per para 6.5 of FTP, replacing prior five year references; units must achieve positive NFE for the block period. Failure triggers staged administrative steps: a cautionary letter after one year, a show cause notice at the end of the third or subsequent year, and initiation of penal action by the Development Commissioner after completion of the block period under the FT(D&R) Act, 1992, with final decision aimed within six months and in any event within one year. Circulars DGFT Wed, 23 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4411