https://www.taxtmi.com/manuals?id=7386 The Approval Committee must monitor SEZ unit performance against the Letter of Approval and Bondcum-Legal Undertaking, focusing on the requirement of positive Net Foreign Exchange earnings. If the Committee concludes a unit has failed to achieve the Net Foreign Exchange requirement or has breached any terms or conditions, the unit is liable to penal action under the Foreign Trade (Development and Regulation) framework, without prejudice to other actions available under law, underscoring Committee oversight and statutory penalties for non-compliance. en-us Thu, 20 Feb 2025 13:03:11 +0530 Thu, 20 Feb 2025 13:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7386 The Approval Committee must monitor SEZ unit performance against the Letter of Approval and Bondcum-Legal Undertaking, focusing on the requirement of positive Net Foreign Exchange earnings. If the Committee concludes a unit has failed to achieve the Net Foreign Exchange requirement or has breached any terms or conditions, the unit is liable to penal action under the Foreign Trade (Development and Regulation) framework, without prejudice to other actions available under law, underscoring Committee oversight and statutory penalties for non-compliance. Manuals Customs Thu, 20 Feb 2025 13:03:11 +0530 https://www.taxtmi.com/manuals?id=7386