SEZ DEVELOPER, Central Excise

[SACHIN SHAH]

Sir,

 

What is the difference between SEZ UNIT & SEZ Devloper & is there is any rules regulation different SEZ & SEZ developer .

 

pl. guide

SACHIN

Posts / Replies

[Mangesh Lokre]

 

 

 

SEZ units are the units set up for the manufacture of goods or rendering of services.

SEZ Developer means a person who, or a State Government which, has been granted by the Central Government a letter of approval under sub-section (10) of section 3 and includes an Authority and a Co-Developer

The Developer or Co-Developer shall have at least twenty-six percent of the equity in the entity proposing to create business, residential or recreational facilities in a Special Economic Zone in case such development is proposed to be carried out through a separate entity or a special purpose vehicle being a company formed and registered under the Companies Act, 1956 (1 of 1956).

 

Please refer :

 

1.    THE SPECIAL ECONOMIC ZONES ACT, 2005

2.    Special Economic Zones Rules, 2006