Appendix-16-K

No.
Government of India
Export Processing Zone

No.____________________

Dated the _________________

To

M/s. ___________________
     __________________
     __________________
SUB: Grant of permission for setting up a unit at _______________________ SEZ

Sir,

I am directed to refer to your application dated ________________ on the above subject and to convey the approval in terms of the provisions contained in Export and Import Policy and Handbook of Procedure Vol-I (1997-2002) for setting up a unit at _____________ SEZ for carrying out theundermentioned activities.

Activity

Unit

Annual capacity/ turn over

2. The approval is based on the details furnished by you in your project application and is subject to the following conditions:-

1. The unit shall export its production/ goods/services as per provisions of export and import policy for a period of five years. The unit would have option to renew its SEZ status or debond thereafter.
   
   
2. The unit would be required to achieve positive net Foreign Exchange Earning as Percentage of exports (NFEP) as prescribed in the Export and Import Policy and Handbook of Procedures, failing which it would be liable for penal action.
   
   
3. Import/local purchase will be permitted of all items except those listed in prohibited list for import/export.
   
   
4. Possession of allotted plot/SDF will be taken within a period of 3 months of issue of approval letter and construction of the factory building/implementation of project shall be started within next six months.

3. You shall be required to enter into a Legal Agreement in the prescribed form (Appendix- 16- L of HBP (Vol.1) with the undersigned for fulfilling the terms and conditions mentioned in this LOA.

4. You are requested to confirm the acceptance of the above conditions within 45 days of the issue of this letter failing which it will be presumed that you are not interested in the implementation of the project.

5. This letter of approval is valid for three years from the date of its issue for commencement of approved activity and will automatically lapse, if an application for the extension of the validity period of this letter of approval is not made before the end of the said period.

6. As soon as, commercial production/ transaction of business starts, an intimation to this effect should be sent to the undersigned.

7. All future correspondence for amendments/changes in terms and conditions of the approval letter or for extension of its validity, if required etc. may be addressed to the undersigned.

Yours faithfully,

(Development Commissioner)
____________________ SEZ

Copy to:-

1. Assistant Commissioner of Zone Custom along with a copy the application and project report.
   
   
2. Department of Commerce, EPZ Section along with a copy the application and project report.
   
   
3. Joint Controller, Exchange Control Department, RBI, Central Office, Bombay (In case of projects involving foreign/NRI investments)
   
   
4. Director (Customs), CBEC, North Block, New Delhi

(The Appendix 16 K has been added as per Annexure II vide Pubic Notice No.47(RE-00)/1997-2002 dt.13-12-2000)