Conditions of achieving of positive Net Foreign Exchange (NFE) ...
Case Laws Customs
July 20, 2021
Conditions of achieving of positive Net Foreign Exchange (NFE) as prescribed in the Special Economic Zone Rules, 2006 - failure to carry out operations as per the requirement of law as prescribed - The fact remains that for the total block period of 5 years, the mandatory NFE obligation of the petitioner had remained in the negative - The petitioner has failed to show any perversity in the findings as recorded by the authorities - HC
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