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Rule 74 - Exit of Units - Special Economic Zones Rules, 2006

Extract

..... (2) The following conditions shall apply on the exit of the Unit, namely.- (i) Penalty imposed by the competent authority would be paid and in case an appeal against an order-imposing penalty is pending, exit shall 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; (ii) In case the Uni .....

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Rule 74 - Exit of Units - Special Economic Zones Rules, 2006

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..... of rule 49. 1[(6) The Unit opting out from Special Economic Zone shall execute a legal undertaking in Form L.] <span style="font-family:"Calibri",sans-serif;mso-ascii-theme-font: minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin">*******<span style="font-family:"Calibri",sans-serif;mso-ascii-theme-font:minor-latin; mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin"> <span style="font-family:"Calibri",sans-ser .....

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Rule 74 - Exit of Units - Special Economic Zones Rules, 2006

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