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FORM OF LEGAL UNDERTAKING FOR DEBONDING OF THE UNIT

M/s__________________________were granted LOA/LOP No. _______________dated __________________for setting up a 100% Export Oriented Unit under EHTP scheme at ____________________for the manufacture & export of ________________________________ subject inter-alia to the condition that they would achieve NFEP/EP as per provisions of EXIM Policy.

The Unit filled a legal undertaking as per prescribed format on ________________ with the president of India through the Director STPI  for achieving the above-mentioned commitments.

As against the above commitments, the unit’s actual performance has been under:-

Year	Import		Export
	CG	RM

The unit applied for debonding   vide letter No. _________________ dated ____________ which is subject inter-alia to the condition that penalty imposed by appropriate Authority under the F.T. (D&R) Act, 1992 for non fulfillment of the conditions of approvals would be paid.

In view of the approval for debonding, I/We ______________________________________ hereby undertake as under:

1. That I/We __________________________________ shall pay whatever penalties are imposed  under FT(DR) Act for non-fulfillment of the terms and conditions of LOA/LOP.
2. That I/We ___________________________________ shall adhere to the mode of payment of penalties, if any, and time frame in which penalties are required to be paid to the Director General of Foreign Trade without any demur or protest.

Full & expanded description of the unit with full address.

IN WITNESS WHEREOF the unit hereto has duly executed this agreement on ___________________ this _________________ day of _____________________ 200__ signed, sealed and delivered by the unit in the presence of:

1. Name _____________________________

      Address _____________________________

               _____________________________

                          _____________________________

2. Name _____________________________

      Address _____________________________

                          ____________________________

                          _____________________________

( To be authenticated/affirmed by 1^st class megistrate/notary public)

Accepted by me on behalf of the president of India)                                                                                         

                                                                  

Designated officer of Ministry of Information Technology, Govt. of India

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