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Customs - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

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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