Special Economic Zone Act, 2005
Section - 1 - Short title, extent and commencementSection - 2 - Definitions
Section - 3 - Procedure for making proposal to establish Special Economic Zone
Section - 4 - Establishment of Special Economic Zone and approval and authorisation to operate to, Developer
Section - 5 - Guidelines for notifying Special Economic Zone
Section - 6 - Processing and non-processing areas
Section - 7 - Exemption from taxes, duties or cess
Section - 8 - Constitution of Board of Approval
Section - 9 - Duties, powers and functions of Board
Section - 10 - Suspension of letter of approval and transfer of Special Economic Zone in certain cases
Section - 11 - Development Commissioner
Section - 12 - Functions of Development Commissioner
Section - 13 - Constitution of Approval Committee
Section - 14 - Powers and functions of Approval Committee
Section - 15 - Setting up of Unit
Section - 16 - Cancellation of letter of approval to entrepreneur
Section - 17 - Setting up and operation of Offshore Banking Unit
Section - 18 - Setting up of International Financial Services Centre
Section - 19 - Single application form, return, etc
Section - 20 - Agency to inspect
Section - 21 - Single enforcement officer or agency for notified offences
Section - 22 - Investigation, inspection, search or seizure
Section - 23 - Designated Courts to try suits and notified offences
Section - 24 - Appeal to High Court
Section - 25 - Offences by companies
Section - 26 - Exemptions, drawbacks and concessions to every Developer and entrepreneur
Section - 27 - Provisions of Income-tax Act, 1961 to apply with certain modification in relation to Developers and entrepreneurs
Section - 28 - Duration of goods or services in Special Economic Zones
Section - 29 - Transfer of ownership and removal of goods
Section - 30 - Domestic clearance by Units
Section - 31 - Constitution of Authority
Section - 32 - Officers of Authority and other staff
Section - 33 - Special provision for transfer of officers or other employees to Authority
Section - 34 - Functions of Authority
Section - 35 - Grants and loans by Central Government
Section - 36 - Constitution of Fund and its application
Section - 37 - Accounts and audit
Section - 38 - Directions by Central Government
Section - 39 - Returns and reports
Section - 40 - Power to supersede Authority
Section - 41 - Members, officers and other employees of Authority to be public servants
Section - 42 - Reference of dispute
Section - 43 - Limitation
Section - 44 - Applicability of provisions of this Act to existing Special Economic Zones
Section - 45 - Person to whom a communication may be sent under this Act
Section - 46 - Identity Card
Section - 47 - Authorities responsible for administration
Section - 48 - Protection of action taken in good faith
Section - 49 - Power to modify provisions of this Act or other enactments in relation to Special Economic Zones
Section - 50 - Power of State Government to grant exemption
Section - 51 - Act to have overriding effect
Section - 52 - Certain provisions not to apply
Section - 53 - Special Economic Zones to be ports, airports, inland container depots, land stations, etc., in certain cases
Section - 54 - Amendment to First Schedule
Section - 55 - Power to make rules
Section - 56 - Power to remove difficulties
Section - 57 - Amendment of certain enactments
Section - 58 - Savings
The First Schedule - -
The Second Schedule - -
The Third Schedule - -
To read the full act/ section offline, download the app from Google Play store
CAclubindia
