CHAPTER 7 SPECIAL ECONOMIC ZONE Scheme 7.1 This may be called the Special Economic Zones Scheme. Definitions 7.2 For the purposes of Special Economic Zone scheme, unless the context otherwise requires, the following words and expressions shall have the meanings attached to them as given in the Policy. 7.3.1 Special Economic Zone (SEZ) is a specifically delineated Status of SEZs duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. 7.3.2 Goods and services going into the SEZ area from DTA shall be treated as exports and goods and services coming from the SEZ area into DTA shall be treated as if these are being imported. 7.3.3 The Special Economic Zones may have areas, demarcated as,- a) Processing areas for setting up of units for production of goods and rendering of services; and b) non-processing areas, if any. Setting up of SEZ in 7.4.1 A SEZ may be set up in the public, private or joint sector Private/joint/State or by State Government. Guidelines for setting up of Sector Special Economic Zones in the public/ private/ joint Sector or by the State Government is given in 7.4.2 Project proposal for setting up of SEZ, recommended by the concerned State Government, shall be considered by the Board of Approval in the Department of Commerce as given in Appendix 14-ID. 7.4.3 On approval of the proposal, a Letter of Permission shall be issued to the developer for development, operation and maintenance of SEZ as given in Appendix-14-IIP. Format of Letter of Permission for developers engaged in operation and maintenance of SEZ is given in Registration of 7.5.1 The developer shall obtain RCMC from the concerned Developer Development Commissioner of SEZ. 7.5.2 For development, operation and maintenance of Entitlements of SEZ Developer infrastructure facilities in SEZs, the developer shall be eligible for the following entitlements:
CHAPTER 7 SPECIAL ECONOMIC ZONE Scheme 7.1 This may be called the Special Economic Zones Scheme. Definitions 7.2 For the purposes of Special Economic Zone scheme, unless the context otherwise requires, the following words and expressions shall have the meanings attached to them as given in the Policy. Status of SEZs 7.3.1 Special Economic Zone (SEZ) is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. 7.3.2 Goods and services going into the SEZ area from DTA shall be treated as exports and goods and services coming from the SEZ area into DTA shall be treated as if these are being imported. 7.3.3 The Special Economic Zones may have areas, demarcated as,- a) Processing areas for setting up of units for production of goods and rendering of services; and b) non-processing areas, if any. Setting up of SEZ in Private/joint/State Sector 7.4.1 A SEZ may be set up in the public, private or joint sector or by State Government. Guidelines for setting up of Special Economic Zones in the public/ private/ joint Sector or by the State Government is given in 7.4.2 Project proposal for setting up of SEZ, recommended by the concerned State Government, shall be considered by the Board of Approval in the Department of Commerce as given in Appendix 14-ID. 7.4.3 On approval of the proposal, a Letter of Permission shall be issued to the developer for development, operation and maintenance of SEZ as given in Appendix-14-IIP. Format of Letter of Permission for developers engaged in operation and maintenance of SEZ is given in Registration of Developer 7.5.1 The developer shall obtain RCMC from the concerned Development Commissioner of SEZ. Entitlements of SEZ Developer 7.5.2 For development, operation and maintenance of infrastructure facilities in SEZs, the developer shall be eligible for the following entitlements: