TMI BlogTerms and conditions for availing exemptions, drawbacks and concessions to every Developer and entrepreneur for authorized operations.-X X X X Extracts X X X X X X X X Extracts X X X X ..... hall execute a Bond-cum-Legal Undertaking in Form H, with regard to its obligations regarding proper utilization and accountal of goods, including capital goods, spares, raw materials, components and consumables including fuels, imported or procured duty free and regarding achievement of positive net foreign exchange earning; (ii) the Developer and Co-Developer shall execute the Bond-cum-Legal Undertaking in Form D with regard to their obligations regarding proper utilization and accountal of goods, including goods procured or imported by a contractor 3 [ including the sub-contractor ] duly authorized by the Developer or Co-Developer as the case may be; (iii) the Bond-cum-Legal Undertaking shall be jointly accepted by Development C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; (b) the value of the Bond-cum-Legal Undertaking shall be equal to the amount of effective duties leviable on import or procurement 4 [ of goods and services ] from the Domestic Tariff Area of the projected requirement of capital goods, raw materials, spares, consumables, intermediates, components, parts, packing materials 5 [ and services ] for three months as applicable but which will not be levied on account of admission of such goods into the Unit or the amount of effective duties leviable on import or procurement 4 [ of goods and services ] from Domestic Tariff Area of the projected requirements of goods for the authorized operation by the developer but will not be levied on account of admission of such goods into the Sp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, financial yearwise, 7 [ either in register form in hard copy or time stamped digital form, ] which should clearly indicate in value terms the goods imported or procured from Domestic Tariff Area, consumption or utilization of goods, production of goods, including by-products, waste or scrap or remnants, disposal of goods manufactured or produced, by way of exports, sales or supplies in the domestic tariff area or transfer to Special Economic Zone or Export Oriented Unit or Electronic Hardware Technology Park or Software Technology Park Units or Biotechnology Park Unit, as the case may be, and balance in stock: Provided that Unit and Developer shall maintain such records for a period of seven years from the end of relevant financial ..... X X X X Extracts X X X X X X X X Extracts X X X X
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