Petitioner fails to meet Net Foreign Exchange obligations under Special Economic Zone Rules, 2006, resulting in negative NFE over five years.

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....Conditions of achieving of positive Net Foreign Exchange (NFE) as prescribed in the Special Economic Zone Rules, 2006 - failure to carry out operations as per the requirement of law as prescribed - The fact remains that for the total block period of 5 years, the mandatory NFE obligation of the petitioner had remained in the negative - The petitioner has failed to show any perversity in the findings as recorded by the authorities - HC....