Para 9.11
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 ( upto 31/03/2002)
Maintenance of Account/ Monitoring of units
9.11
The unit shall maintain in the specified form a proper account of the import, consumption and utilisation of all imported materials and of the exports made by it and submit them periodically, as may be required, to the DC of the EOU/EPZ/EHTP/ STP concerned. The unit shall ensure minimum NFEP and EP as stipulated in Appendix 1 of the Policy. The unit shall also abide by all the terms and conditions incorporated in the LOP/LOI/Industrial Licence (IL) issued to it. Failure to ensure minimum NFEP/EP as stipulated in Appendix-1 of the Policy or to abide by any of the terms and conditions of the LOP/LOI/IL shall render the unit liable to penal action under the provisions of the Foreign Trade (Development & Regulation) Act, 1992 and the Rules and Orders made thereunder without prejudice to any action under any other law/rules and cancellation or revocation of LOP/ LOI/ IL.
Guidelines regarding monitoring of performance of NFEP and EP of EOU/EPZ units by DCs are given in Appendix 16-E of the Handbook (Vol.1)