what is the procedure for obtaining permission of development commissioner under section 10AA?
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Quick Summary
This discussion clarifies the process for entrepreneurs, as defined by the SEZ Act 2005, to gain approval from the Development Commissioner under Section 10AA. It addresses the specific procedural steps an entrepreneur must follow to secure this authorisation for setting up a unit within a Special Economic Zone.
The assessee is an entrepreneur as defined in section 2(j) of SEZ Act 2005. Entrepreneur is a person who has been granted a letter of approval by the development Commissioner to set up a unit in a Special Economic Zone.