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Rule 19 - Letter of Approval to a Unit - Special Economic Zones Rules, 2006

Extract

..... y also approve proposals for broad-banding, diversification, enhancement of capacity of production, change in the items of manufacture or service activity, if it meets the requirements of rule 18: Provided further that no such approval shall be granted by the Approval Committee in those cases which fall within the competence of the Board of Approval: 4[Provided also that, subject to the provisions of rule 74A] the Approval Committee may also approve change of the entrepreneur of an approved unit, if the incoming entrepreneur undertakes to take over the assets and liabilities of the existing Unit] 7[Provided also that the Approval Committee may also approve proposals for merger of Letters of Approval of two or more Units of the same company .....

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Rule 19 - Letter of Approval to a Unit - Special Economic Zones Rules, 2006

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..... ing to the setting up of the Unit is complete and a chartered engineer's certificate to this effect is submitted by the entrepreneur. 5[Provided also that the Board of approval may, upon a request in writing by the entrepreneur, and after being satisfied that it is necessary and expedient so to do grant further extension for a further period not exceeding one year, at a time.] (5) If the Unit has not commenced production or service activity within the validity period or the extended validity period under sub-rule (4), the Letter of Approval shall be deemed to have been lapsed with effect from the date on which its validity expired. (6) The Letter of Approval shall be valid for five years from the date of commencement of production or se .....

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Rule 19 - Letter of Approval to a Unit - Special Economic Zones Rules, 2006

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..... val shall take into account the efforts made and the results achieved or status of the following criteria, namely:- (i) Export performance of the Unit in the last block. (ii) Employment generated. (iii) Instance of violation of applicable statutes related to the functioning of the Unit. (iv) Cases of default, if any, of statutory payments. (v) Undertaking of any activity not sanctioned or approved by the Development Commissioner. (vi) The decision of the Development Commissioner or Approval Committee in this regard shall be final and binding on the Unit except in cases where the Unit prefers an appeal before the Board of Approval, in accordance with rule 55.]] (7) If an enterprise is operating both as a Domestic Tariff Area unit as well as .....

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Rule 19 - Letter of Approval to a Unit - Special Economic Zones Rules, 2006

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..... the competence of the Board of Approval;] Provided further that the Approval Committee may also approve change of the entrepreneur of an approved unit, if the incoming entrepreneur undertakes to take over the assets and liabilities of the existing Unit" 4. Substituted vide Notification No. C.2/1/2013-SEZ-SEZ dated 12/08/2013 before it was read as "provided also that". 5. Inserted vide G.S.R. 903(E) - Dated 10-11-2010 6. Inserted vide Notification No. G.S.R. 909(E) dated 19-09-2018 7. Inserted vide Notification No. G.S.R. 909(E) dated 19-09-2018 8. Inserted vide Notification No. G.S.R. 909(E) dated 19-09-2018 9. Substituted vide NOTIFICATION No. G.S.R. 200(E) dated 07-03-2019 before it was read as "Board of Approval" .....

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Rule 19 - Letter of Approval to a Unit - Special Economic Zones Rules, 2006

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