Clarification on execution of Bond Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1 )(iv) of the SEZ Rules, 2006.

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....n) Udyog Bhawan, New Delhi. Dated: 30 November, 2010. To AU DCs Subject: Clarification on execution of Bond Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1 )(iv) of the SEZ Rules, 2006. Sir/Madam, The undersigned is directed to say that the representations have been received from the SEZ Developer SEZ Unit seeking clarification on execution of bond Undertaki....

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....n the Bond Undertaking amount, a fresh or additional Bond-cum-legal undertaking amount shall be furnished. Hence as per this provision a developer or unit is required to monitor its own Bond-cum-legal undertaking on quarterly and yearly basis and is case there is shortfall, developer or unit is required to submit, on its own, additional bond-cum-legal Undertaking. This is the responsibility of the....