GUIDELINES FOR EXIT OF EOU/EHTP/STP UNITS

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....ment and Regulation)Act, 1992, as amended, for non-fulfillment of the conditions of approval, would be paid. In case an appeal against an order imposing penalty is pending, exit from the Scheme would be considered if the unit has obtained a stay order from Competent Authority and has furnished a Bank Guarantee for the penalty adjudicated by the appropriate authority unless the appellate authority makes a specific order exempting the unit from this requirement. c) In case the unit has failed to fulfill the terms and conditions of LOA and penal proceedings are to be taken up/are in process, a legal undertaking for payment of penalties, that may be imposed, would be executed with the concerned Development Commissioner as per enclosed proforma....

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....he President of India through the Development Commissioner,_____ SEZ for achieving the above mentioned commitments. As against the above commitments, the unit's actual performance has been as under: -   Year Import Export   CG RM           The unit applied for exit from the EOU Scheme which was approved vide letter No._________________________ dated _______________ subject to, inter-alia, the condition that penalty imposed by appropriate Authority under the F.T.(D&R) Act, 1992, as amended, for non fulfilment of the conditions of approvals would be paid. In view of the approval for exit, I/We ___________________________________________________________ hereby undertake as under: (i) That I/We....

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....nit may be allowed to dispose off raw material, components, consumables etc. against duty free licenses. The unit may also be permitted to export the CG, raw material/components etc. b) The penalty imposed by the appropriate authority, under the Foreign Trade (Development and Regulation)Act, 1992, as amended, for non-fulfillment of the conditions of approval, would be paid. In case an appeal against an order imposing penalty is pending, exit from the Scheme would be considered if the unit has obtained a stay order from Competent Authority and has furnished a Bank Guarantee for the penalty adjudicated by the appropriate authority unless the appellate authority makes a specific order exempting the unit from this requirement. c) In case the ....

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....__________________________________ subject inter-alia to the condition that they would achieve positive NFE on cumulative basis as per provisions of EOU Scheme. The unit filed a legal undertaking as per APPENDIX-6E of EOU Scheme on _______________________ with the President of India through the Development Commissioner,_____ SEZ for achieving the above mentioned commitments. As against the above commitments, the unit's actual performance has been as under: - Year Import Export   CG RM             The unit applied for exit from the EOU Scheme which was approved vide letter No._________________________ dated _______________ subject to, inter-alia, the condition that penalty imposed by appr....