Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n Exchange Madam / Sirs, Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs) Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.28 dated March 30, 2001 and subsequent circulars issued extending various facilities to units in Special Economic Zones. It has been decided to extend the following facilities to the units located in the Sp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rk abroad To promote international operations, units in SEZs are permitted to undertake job work abroad and export goods from that country itself subject to fulfilment of the following conditions : Processing / manufacturing charges are suitably loaded in the export price and are borne by the ultimate buyer. The exporter has made satisfactory arrangements for realisation of full export pr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the precious metal is indicated in the relevant GR/SDF/PP forms. D. ' Netting off' of export receivables against import payments It has been decided that authorised dealers may allow requests received from exporters for ' netting off ' of export receivables against import payments for units located in Special Economic Zones subject to the following : (i) The ' netting off ' of export .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... authorised dealer who should comply with all the regulatory requirements relating to the transactions. E. Capitalisation of import payables Units in SEZs are permitted to issue equity shares to non-residents against import of capital goods subject to the following :- a. The valuation should be verified by a Committee consisting of Development Commissioner and the appropriate Customs off .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ntents of the circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, G. Padmanabhan Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxma .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X