No. Government of India ..............Export Processing Zone No._____________ Dated the __________________ To M/s.__________________ __________________ __________________ SUB:- Grant of permission for setting up a trading unit/service unit at ------------------------------------------------------------------------------ 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 EXIM POLICY (1997-2002) for setting up a trading unit/service unit at _____________in the State of ____________for carrying out trading/service activities subject to the following conditions:- i) Import/local purchase will be permitted of items except those listed in prohibited list for import/export. ii) It is noted that you have projected export turn over of US $_________in five years. However, you would achieve a minimum export performance as prescribed in Appendix-I of EXIM Policy failing which you will be liable for penal action. iii) It is noted that Net Foreign Exchange Earning as a percentage of export(NFEP) calculated as per formula given under the EPZ / EOU scheme, has been projected as _____________% during the period of five years from the date of commencement of production. However, the unit would be required to achieve the minimum stipulated level of NFEP as prescribed in Appendix-I of the Export-Import Policy, failing which the unit may be liable for penal action. iv) The approval is based generally on the details furnished by you in your project application. v) Possession of allotted plot/SDF will be taken if required 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. No rebate will be allowed in the rental of land/SDF. 2. You shall be required to enter into a Legal Agreement in the prescribed form (Appendix- 16-BB of HBP (Vol.I) with DC________for fulfilling the terms and conditions mentioned in the LOA. 3. You are requested to please 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. 4. The letter of approval is valid for two year 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 said period . 5. If you fail to comply with the conditions stipulated above, this letter of approval is liable for cancellation/revocation. 6. 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 concerned Development Commissioner or Ministry of Commerce where powers have not been delegated to the Development Commissioner. Yours faithfully, (Deputy Development Commissioner) Copy to:- (As per LOA)