TMI BlogPolicy to regulate functioning of Worn and Used clothing units in SEZs - Regarding.X X X X Extracts X X X X X X X X Extracts X X X X ..... velopment of infrastructure facilities The SEZs being set up under the SEZ Act, 2005 and the units being established therein are established towards the achievement of the above objectives. This yardstick applies equally to the plastics recycling units set up in SEZs. The matrix of fiscal benefits, duty concessions as well as obligations envisaged in the SEZ Act, 2005 and Rules framed thereunder are equally applicable to the units in SEZs carrying on recycling of plastic scrap or waste. Additional safeguards in respect of plastics recycling units have been provided by Rule 18(4) of the SEZ Rules, 2006 , which states no proposal shall be considered for: (a) Recycling of plastic scrap or waste: Provided that extension of Let ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rade (Development Regulation) Act, 1992 , shall be taken by the competent authority. (iii) The units should fulfill the export obligation criteria including NFE as per provisions of this Policy. No broad banding of unrelated products shall be allowed for this purpose. (iv) To ensure that used clothing reprocessing units in SEZ fulfill their export obligations, in addition to meeting their NFE obligation, all such units would be required to ensure that certain minimum percentage of the unit s annual turnover is physically exported out of the country. The minimum physical export levels to be achieved by such a unit on a graduated upward scale, as a percentage of the unit s total turnover is prescribed as under: Period ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f existing units in SEZs carrying on recycling of used clothing would henceforth be governed by the provisions of this policy and would be appropriately amended / renewed as per the terms of this policy. (ix) As provided under Rule 53 of the SEZ Rules if a Unit does not achieve positive NFE Earning or fails to abide by any of the terms and conditions of the LoA or Bond cum-Legal Undertaking, without prejudice to the action that may be taken under any other law for the time being in force, the said Unit shall be liable for penal action under the provisions of the Foreign Trade (Development and Regulation) Act, 1992 as well as liable for cancellation of its LoA as per provisions of the SEZ Act . (x) This Policy would supersede all ..... X X X X Extracts X X X X X X X X Extracts X X X X
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