Business Standard

Indian entities can give guarantees on behalf of WOS abroad: Expert

Provided that the terms and conditions stipulated in Foreign Exchange Management Regulations, 2000, for promoting or setting up such company or subsidiary are continued to be complied with

trade, export, container, import, shipping, sea, business, seafarer, merchan navy


TNC Rajagopalan
Q. We are a SEZ unit. We refer to Rule 22(1)(v) of SEZ Rules, 2006 which says that “the Unit or the developer including co-developer shall obtain a Registration-cum-Membership Certificate for availing exemptions, drawbacks and concessions”. Does it mean that we may register with the export promotion council relevant to our product?

You have to read that provision with Rule 2(1)(zg) of the SEZ Rules 2006, which says that “Registration-cum-Membership Certificate” means the membership certificate issued by export promotion council (EPC) for export oriented units and SEZs. So, it is mandatory to register with the specified EPC. In addition, you

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 19 2020 | 7:54 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to