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    2 views6 pages

    FDI Manual Latset Chapter 8

    Uploaded by

    Sanchit Kushwah

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 6
    other schemes and incenti Special Economic Zones (SEZs) and Export Oriented Units (EOUs)l Policy For Setting Up Special Economic Zone (SEZ)W 81 SUZisaspeciically delineated duty fe enclave ands deemed to be freien tion forthe purposes to ade operations and duties and ais. Goods and services goin int the SEZ. tea form DTA ace ested as exports and goods coming from th SEZareainlo DTA ae tobe rested as it these ae being imported. A SEZ may be et pin the Publi, Private or Fit Sector orby State overeat). Proposals as per eriteia under appendix 14 IO available t DGFT website (hp dethinicin) are considered by Board of Approvals and Department of Commerce issuesthe ler ofpermisson Procedure £2 Theapliantshoud owe fallowing rose 4. Submission of 10 copies of application along with projectreport to Chief Sesttary ofthe concerned Stat +, Forwarding of application along with comments bythe Sate government to Board of Approvals inthe Department of Commerce « ls oft ofpermssonby DepsrmentofCommerse Policy for FDI/NRI Investment for setting up SEZ/FTWZ0 £3 100% FDIispermited under utomatc route fr seting up Spesal Economie Zones and Free Trade Warehousing Zones subject o Special Feonom 1, 2008 andthe Foreign Tiade Policy, FDI in seing up of SEZs & units in SEZ ae exempt fom Press Note No. 2 (2005), soveming FDI in Conseustion Development projets Policy for Setting up EOUs/Units in SEZ under Automatic Route 4.4 Development Commissioners (DCs) of Special Ezoneni Zanes (SEZ asd alot sprovaltpoject where (3) Activ proposed doesnot atact compulsory lcexsng ofl inthe series sector excep RAD, Sofvaret Teabedservces (@y Locations incontrmity with to resid prams {Units undenaketoacievepositve net frign exchange caning (a) An EOU unit maybe shied to SEZ wth the approval of DCs provided the EOU uit bx achieved rosa cblipaton under the EOU scheme AS Ifthe Unit is amenable to bonding by customs authories; conversion of existing Domestic ‘TsitTArea (DTA) units into EOU isalsopermited under automate rout, ifthe DTA unit saises ‘he parameters in para 8.1, Incase there i an oustanding export commitment under the EPCG scheme, it willbe subsumed inthe export performance ofthe unt Ifthe units having outstanding export commiment under the Advance Licensing Scheme, it will apply to ALC for reducing its export commitment in proporion ofthe quantum of duty ee material actully wtlized for production and permited to carry forward the unuttized materi imported aginst the Advance Policy for Setting up EOUs/Units 1 in SEZ under Government Route 16 Proposals not covered by the automatic route are forwatded by the Developmant Commissioner to the Board of Approval (BoA), Deparment of Commerce for consideration. On ‘onsideration ofthe propos bythe Board he desi woul normally be conveyed within 4S ays Procedure for Approval 17 Applications i the prescribed form for FOUs and unis in SEZ shouldbe submited othe ‘concerted DCs ofthe SEZs. The appistion shouldbe submited along with crossed demand

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