7.7.5

Letter of Permission (LOP)/Letter of Intent (LOI) issued to SEZ units as per standard format indicated at Appendix-14-IE. shall be valid for a period of 3 years for commencement of production. The LOP/LOI shall be valid for a period of five years from the date of commencement of production and would be construed as a licence for all purposes. On completion of 5 years operation, the approval may be renewed by the Development Commissioner concerned for a period of 5 years at a time on receipt of application for renewal from the unit.