A Unit can opt out of an SEZ with the approval of the Development Commissioner.
Before such exit, an unit is to pay all the applicable duties on :
- Imported or indigenous capital goods
- Raw materials
- Components
- Consumables
- Spares & finished stock in stores
The exit of the unit shall be penalized if it does not achieve Net Foreign Exchange.
There are certain conditions applicable on the exit of a unit when penal proceedings are in process/pending and the unit shall continue to be a unit until the date of final exit. |
