ANNEXURE - X

THE SPECIAL ECONOMIC ZONES ACT, 2005

 

 

 

Content

CHAPTER I

PRELIMINARY

1.     Short title, extent and commencement. -                                                                         593

2.     Definitions.  –                                                                                                                        593

CHAPTER II

ESTABLISHMENT OF SPECIAL ECONOMIC ZONE

3.     Procedure for making proposal to establish Special Economic Zone -                   596

4.     Establishment of Special Economic Zone and approval and authorization                   

        to operate to, Developer -                                                                                                   597

5.     Guidelines for notifying special Economic Zone -                                                         598

6.     Processing and non-processing areas -                                                                        598

7.     Exemption from taxes, duties or cess –                                                                          598

 

CHAPTER III

CONSTITUTION OF BOARD OF APPROVAL

8.     Constitution of  Board of Approval –                                                                                 598

9.     Duties, powers and functions of Board –                                                                        600

10. Suspension of letter of approval and transfer of Special Economic Zone

        in certain cases –                                                                                                                 600

CHAPTER IV

DEVELOPMENT COMMISSIONER

11. Development Commissioner –                                                                                         602

12. Functions of Development Commissioner –                                                                 602

CHAPTER V

SINGLE WINDOW CLEARANCE

13. Constitution of Approval Committee –                                                                             603

14. Powers and functions of Approval Committee –                                                            604

15. Setting up of Unit –                                                                                                               605

16.  Cancellation of letter of approval to entrepreneur –                                                      606

17. Setting up and operation of Offshore Banking Unit –                                                    606

18. International Financial Services Centre -                                                                        606

19. Single application form, return, etc. –                                                                               606

20. Agency to inspect –                                                                                                              607

21. Single enforcement officer or agency for notified offences –                                       607

22. Investigation, inspection and search or seizure –                                                         607

23. Designated Courts to try suits and notified offences –                                                 607

24. Appeal to High Court –                                                                                                        608

25. Offences by companies –                                                                                                   608

CHAPTER VI

Special Fiscal Provisions for Special Economic Zones

26. Exemptions, drawbacks and concessions to every Developer and

        entrepreneur –                                                                                                                      609

27. Provisions of Income-tax Act, 1961 to apply with certain modification in

        relation to Developers and entrepreneurs. –                                                                  609

28. Duration of goods or services in Special Economic Zones –                                     609

29. Transfer of ownership and removal of goods –                                                             609

30. Domestic clearance by Units –                                                                                         610

 

CHAPTER VII

SPECIAL ECONOMIC ZONE AUTHORITY

31. Constitution of Authority –                                                                                                   611

32. Officers of Authority and other staff –                                                                                612

33. Special provision for transfer of officers or other employees to Authority -               612

34. Functions of Authority –                                                                                                       612

35. Grants and loans by Central Government –                                                                   613

36. Constitution of Fund and its application –