THE SPECIAL ECONOMIC ZONES ACT, 2005

Short title, extent and commencement.

Definitions

Procedure for making proposal to establish Special Economic Zone

Establishment of Special Economic Zone and approval and authorisation to operate to, Developer.

Guidelines for notifying special Economic Zone

Processing and non-processing areas.

Exemption from taxes, duties or cess

Constitution of Board of Approval

Duties, powers and functions of Board

Suspension of letter of approval and transfer of Special Economic Zone in certain cases

Development Commissioner

Functions of Development Commissioner

Constitution of Approval Committee.

Powers and functions of Approval Committee.

Setting up of Unit.

Cancellation of letter of approval to entrepreneur.

Setting up and operation of Offshore Banking Unit

International Financial Services Centre.

Single application form, return, etc.

Agency to inspect.

Single enforcement officer or agency for notified offence.

Investigation, inspection and search or seizure.

Designated Courts to try suits and notified offences

Appeal to High Court

Offences by companies.

Exemptions, drawbacks and concessions to every Developer and entrepreneur.

Provisions of Income-tax Act, 1961 to apply with certain modification in relation to Developers and entrepreneurs.

Duration of goods or services in Special Economic Zones.

Transfer of ownership and removal of goods.

Domestic clearance by Units

Constitution of Authority

Officers of Authority and other staff

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

Functions of Authority.

Grants and loans by Central Government.

Constitution of Fund and its application.

Accounts and audit.

Directions by Central Government.

Returns and reports.

Power to supersede Authority

Members, officers and other employees of Authority to be public servants.

Reference of dispute.

Limitation.

Applicability of provisions of this Act to existing Special Economic Zones.

Person to whom a communication may be sent under this Act.

Identity Card.

Autorités responsable for administration.

Protection of action taken in good faith.

Power to modify provisions of this Act or other enactments in relation to Special Economic Zones.

Power of State Government to grant exemption.

Act to have overriding effect.

Certain provisions not to apply.

Special Economic Zones to be ports, airports, inland container depots, land stations, etc., in certain cases.-

Amendment to First Schedule.

Power to make rules.

Power to remove difficulties.

Amendment of certain enactments.

Savings.