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Rule 18 - Consideration of proposals for setting up of Unit in a Special Economic Zone - Special Economic Zones Rules, 2006

Extract

..... n making the proposal. (2) The Approval Committee shall approve the proposal if it fulfills the following requirements, namely: - 7[(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 lease agreement and give possession of the space in the Special Economic Zone to the entrepreneur only after the issuance of Letter of Approval by the Development Commissioner: 2[Provided further that a copy of the registered Lease Deed sh .....

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Rule 18 - Consideration of proposals for setting up of Unit in a Special Economic Zone - Special Economic Zones Rules, 2006

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..... acting 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 existing Units; (c) reprocessing of garments or used clothing or secondary textiles materials and other recyclable textile materials into clipping or rags or industrial wipers or shoddy wool or yarn or blankets or shawls: Provided that extension of Letter of Approval for an existing Unit shall be decided by the Board; (d) import of other .....

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Rule 18 - Consideration of proposals for setting up of Unit in a Special Economic Zone - Special Economic Zones Rules, 2006

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..... ic Zone :- (a) Each consignment of used clothing imported by the Unit shall be accompanied with certificate from exporter or agency in which it was generated regarding dis-infection and fumigation of the containers from an agency licensed in the country of origin of worn clothing along with import documents; (b) in case of mis-declaration by any importer in regard to any toxic or hazardous substances, action as per the relevant provisions of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) shall be taken against such importer; (c) to ensure that used clothing re-processing Units in Special Economic Zones fulfil their export obligations in addition to meeting their Net Foreign Exchange obligation and all such Units shall .....

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Rule 18 - Consideration of proposals for setting up of Unit in a Special Economic Zone - Special Economic Zones Rules, 2006

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..... ties may also be supplied on loan or lease basis, provided the notional value of such capital goods shall be taken into account for calculation of Net Foreign Exchange Earnings under rule 53. (c) finished goods shall be exported out of the country or transferred to the Customs Bonded Warehouse to be maintained by the Overseas entity; Provided that any supplies of finished goods shall be as per the instructions of the Overseas entity. (d) the Unit shall receive the consideration for its manufacturing services in convertible foreign exchange directly from the said overseas entity; (e) in case the said manufacturing facility is used by the Unit for carrying out production on its own account, separate accounts shall be maintained for the manufa .....

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Rule 18 - Consideration of proposals for setting up of Unit in a Special Economic Zone - Special Economic Zones Rules, 2006

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