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 ..... record the reasons, 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 pos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... prevailing Foreign Trade Policy or Handbook of Procedures, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nits 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 Area shall be under taken. (4B) Procedure to be followed for verification of documents prior to clearing the consignment in Special Economic 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 pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 consumables sub-assemblies, components, semi-finished goods shall be supplied by the Overseas Entity free of cost; (b) Capital goods for setting up such facilities 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... our 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 (b) no sub-contracting or job work of polyester yarn shall be permitted in Domestic Tariff Area or in Export Oriented Unit or Units in other Special Economic Zone: 6. Inserted vide Notification No. G.S.R. 909(E) dated 19-09-2018 7. Substituted vide NOTIFICATION No. G.S.R. 200(E) dated 07-03-2019 before it was read as (i) the proposal meets with the positive net foreign exchange earning requirement, 3 [ value addition earning requirement, as the case may be, as provided in rule 53 ] ; - - statute ..... X X X X Extracts X X X X X X X X Extracts X X X X
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