TaxTMI 
TaxTMI 
Consideration of proposals for setting up of Unit in a Special Economic Zone
X X X X Extracts X X X X
X X X X Extracts X X X X
....se may be, shall record the reasons, in writing, where it approves a proposal with modifications or where it rejects a proposal and Development Commissioner by order shall communicate such reasons to the person making the proposal. (2) The Approval Committee shall approve the proposal if it fulfills the following requirements, namely: - ^8[(i) the proposal meets with the positive net foreign exchange earning requirement. In addition, prescribed value addition earning requirement, as the case may be, shall apply.] (ii) availability of space and other infrastructure support applied for, is confirmed by the Developer in writing, by way of a provisional offer of space; Provided that the Developer shall enter into a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ition earning requirement shall be as specified in the prevailing Foreign Trade Policy or Handbook of Procedures, as amended from time to time.] Provided that this restriction shall not apply to the Units which intend to send the fabric, made by them out of polyester or texturised yarn, for subcontracting but the third party exports shall not be permitted; (4) No proposal shall be considered for:- (a) recycling of plastic scrap or waste: Provided that extension of Letter of Approval for an existing Unit shall be decided by the Board; (b) enhancement of the approved import quantum of plastic waste and scrap beyond the average annual import quantum of the unit since its commencement of operation to the existin....
X X X X Extracts X X X X
X X X X Extracts X X X X
....boundary Movement) Rules, 2016 by the Custom Authority] (e) Export of Special Chemicals, Organisms, Materials, Equipment and Technologies unless it fulfils the conditions indicated in the Import Trade Control (Harmonized System) Classifications of export and import items; (f) if there is any instance of violation of law or public policy by the promoters, having a bearing on the merits of the proposal. (g) ^2[****] ^7[(4A) for existing plastic or used clothing Units in Special Economic Zones:- (a) Broad banding and splitting of license for setting up of sub-Units shall not be allowed and all transactions of a Unit shall be regulated through a single bank account; (b) no third party exports shal....
X X X X Extracts X X X X
X X X X Extracts X X X X
....authorities.] (5) The Units in Free Trade and Warehousing Zones or units in Free Trade and Warehousing Zone set up in other Special Economic Zone, shall be allowed to hold the goods on account of the foreign supplier for dispatches as per the owner's instructions and shall be allowed for trading with or without labeling, packing or repacking without any processing: Provided that refrigeration for the purpose of storage and assembly of Completely Knocked Down or Semi Knocked Down kits shall also be allowed by the Free Trade and Warehousing units undertaking the said activities: Provided further that these Units may also re-sell or re-invoice or re-export the goods imported by them: Provided also that all transactions by a Uni....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e manufacturing and service activity. Explanation: - "Overseas Entity" means a non-resident or a person of foreign origin and includes a company not incorporated in India. ***************** NOTES:- 1. Inserted vide Notification No. GSR.470(E), dated 10-08-2006, w.e.f. 10-08-2006. 2. Omitted vide Notification No. G.S.R. 1744(E) dated 12-10-2007, w.e.f. 12-10-2007 before it was read as, "^1[(g) the use of any plant or machinery previously used for any purpose in Domestic Tariff Area.]" 3. Substituted vide Notification No. G.S.R.72 (E) dated 03-02-2009, w.e.f. 03-02-2009 before it was read as, "Provide further th....