Rescinding of a sector specific Special Economic Zone for food processing and related services at Hassan in the State of Karnataka - S.O. 1217(E) - Special Economic Zone

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 21st March, 2016 S.O. 1217(E).- WHEREAS, M/s. Karnataka Industrial Area Development Board, a fully owned State Industrial Promotion Organization in the State of Karnataka, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005) , (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for food processing and related services at Hassan in the State of Karnataka; AND, WHEREAS, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the said Act read with rule 8 of the Special Economic Zones Rules 2006 , had notified an area of 159.733 hectares at above Special Economic Zone vide Ministry of Commerce and Industry Notification Number S.O. 573(E) dated 12 th April, 2007 ; AND, WHEREAS, M/s. Karnataka Industrial Area Development Board vide their letter dated 3rd January, 2008 has proposed for reduction of the area from 159.733 to 115.33 ha at the above Special Economic Zone; AND, WHEREAS, the Board of Approval (BoA) in its 22nd Meeting held on 25th February, 2008 has approved the above reduction in area subject to the condition that no tax benefits have been availed by the developer for the area to be deleted. AND, WHEREAS, M/s. Karnataka Industrial Area Development Board has now proposed for full denotification of 159.733 hectares area at the above Special Economic Zone; AND, WHEREAS, the State Government of Karnataka has given its No Objection to the proposal vide letter No. VTPC/SEZ/KIADB-NOC/DD/2014-15, dated 13th July, 2015; AND, WHEREAS, the Development Commissioner, Cochin Special Economic Zone has recommended the proposal for full de-notification of the Special Economic Zone; NOW, THEREFORE, in exercise of the powers conferred by first proviso to rule 8 of the Special Economic Zones Rules 2006 , the Central Government hereby rescinds the above notification except as respects things done or omitted to be done before such rescission. [F. No. F. 2/387/2006-SEZ] DR. GURUPRASAD MOHAPATRA, Jt. Secy.