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Action for shortfall in achievement of NFE after 3rd year of commencement

Central Excise - 100% Export Oriented Unit Scheme - 100% EOU Scheme - 54 - In case the unit fails to achieve positive NFE at the end of 3rd year or subsequent year, show cause notice under FT (D&R .....

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tiate penal action under the FT (D&R) Act, 1992. The action under FTDR will be initiated only after completion of 5 years as net +NFE shall be computed cumulatively over a period of five years. Al .....

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