Circular No.38- Submission of APRS on time

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CIRCULAR | 22

The Approval Committee in its meeting held on 06.10.2023 observed that many units are not submitting APRs on time, in terms of Rule 54 and FORM H i.e. BOND CUM LEGAL UNDERTAKING FOR SPECIAL ECONOMIC ZONE i.e. within 180 days.

Attention is invited to Rule 54 of the SEZ Rules 2006 and FORM H i.e.BOND CUM LEGAL UNDERTAKING FOR SPECIAL ECONOMIC ZONE point No.7, which stipulates as follows

“ We, the obligors shall, after the commencement of production or service activities , submit to the Development Commissioner and the Specified Officer, Annual Performance Return within a period of [one hundred eight days] following the close of financial year, in the form prescribed under the Special Economic Zone Rules, 2006, certified by Chartered Accountant. In case of wrong submission of such information or failure to submit such information within the stipulated time, the permission granted to us for carrying out the authorized operations may be withdrawn and / or the permission for further imports and sales in the Domestic Tariff Area may be stopped.”

Hence, all the Unitholders are hereby requested to ensure submission of APRs on time, failing which, they shall be liable for penal action under the provisions of the Foreign Trade (Development and Re ation)Act, 1992. (C.P.S. Chavfhan 4°) AO ~) Jt. Development Commissioner SEEPZ-SEZ

To, All units holders