7.5

(a) SEZ unit shall maintain proper account, in format convenient to it including computerized account, financial year-wise and make available on-line to the Development Commissioner/ Customs information in the format prescribed at Appendix 14-D and till such time on-line connectivity is established submit the same quarterly to the Development Commissioner/ Customs

(b) Failure to ensure positive NFE 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 action under any other law/rules and cancellation or revocation of LOP/LOI/IL.

(c) The unit shall be able to account for the entire quantity of each category of homogenous goods imported/procured duty free, by way of exports, sales/supplies in DTA or transfer to other SEZ/EOU/EPZ/EHTP/STP units and balance in stock. However, at no point of time the units shall be required to co-relate every import consignment with its exports, transfer to other SEZ/ EOU/ EPZ/EHTP/STP units, sales in the DTA and balance in stock. Any matter for clarification as to whether goods are homogenous or not shall be decided by the Committee as provided for in paragraph 7.5 of the Policy