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TMI BlogConsideration of proposals for setting up of Unit in a Special Economic ZoneX X X X Extracts X X X X X X X X Extracts X X X X ..... asons, in writing, where it approves a proposal with modifications or where it rejects a proposal and Development Commissioner by order shall communicate such reasons to the person 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, as amended from time to time.] Provided that this restriction shall not apply to the Units which intend to send the fabric, made by them out of polyester or texturised yarn, for subcontracting 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 clippi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Import Trade Control (Harmonized System) Classifications of export and import items; (f) if there is any instance of violation of law or public policy by the promoters, having a bearing on the merits of the proposal. 1[(g) Omitted] 6[(4A) for existing plastic or used clothing Units in Special Economic Zones:- (a) Broad banding and splitting of license for setting up of sub-Units shall not be allowed and all transactions of a Unit shall be regulated through a single bank account; (b) no third party exports shall be allowed by any such Unit; (c) all such Units shall set up facilities to make products out of used clothing or plastic waste; (d) 100 per cent. inspection of the consignment of used clothing sale to Domestic Tariff Are ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd shall be allowed for trading with or without labeling, packing or repacking without any processing: Provided that refrigeration for the purpose of storage and assembly of Completely Knocked Down or Semi Knocked Down kits shall also be allowed by the Free Trade and Warehousing units undertaking the said activities: Provided further that these Units may also re-sell or re-invoice or re-export the goods imported by them: Provided also that all transactions by a Unit in Free Trade and Warehousing Zone shall only be in convertible foreign currency; (6) Units may also be setup for providing services or manufacturing services to Overseas Entities subject to following conditions, namely:- (a) Capital goods, raw materials including consumabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n no. G.S.R.72 (E).- dated 3-2-2009, earlier it was read as: "Provided further that a copy of the registered lease deed shall be furnished to the Development Commissioner concerned within six months from the issuance of the Letter of Approval;" 3. Substituted vide Notification No. G.S.R. 909(E) dated 19-09-2018 before it was read as "as provided in rule 53" 4. Substituted vide Notification No. G.S.R. 909(E) dated 19-09-2018 before it was read as "(a) export of high-grade iron ore, that is sixty-four per cent. Fe and above, except iron ore of Goa origin and Redi origin, which would be subject to approval of Board;" 5. Substituted vide Notification No. G.S.R. 909(E) dated 19-09-2018 before it was read as &qu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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