TMI BlogImplementation of the Special Economic Zones (Amendment) Rules, 2013 -clarifications regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... viewed at http://sezindia,nic.in/latest-updates,asp [SEZ(Amendment) Rule 2013 Gazette copy] . I am directed to say that the intent and purpose behind the said amendments is to address the challenges being faced by SEZ Developers and Units on the one hand, while creating a more investor friendly environment on the other. The amendments are a part of the SEZ reforms which aim to better achieve the objectives of the SEZ Policy viz. growth of economic activity, attracting investment, boosting exports and generating additional employment. In order to facilitate better understanding of the amended Rules, the following clarifications are issued: 1. Minimum land area requirements for setting up of SEZ: In order to address the problem of aggreg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 25,000 square meters of minimum built up area will be insisted upon. 4. In order to give effect to the changes made in IT/ITES Sector, classification of cities based on their IT density has been made and inserted as Annexure IVA to the amended Rules. 5. Consequent to above amendments, there may be certain requests/proposals for seeking de-notification of parcels of land from the existing SEZs. In order to prevent any possible misuse of such de-notified parcels of land by the Developers, Department of Commerce will consider only such applications which fulfill the following criteria: (i) All such proposals must have an unambiguous 'No Objection Certificate' from State Government concerned. (ii) State governments may also ensure that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Related ancillary services of the sector and R D services will be included and treated as an integral part of the sectoral broad-banding. Board of Approval (BoA) will have the discretion to allow additional categories to be broad-banded into a sector based on compatibility of area requirement etc. 7. Graded Scale for Minimum Land Criteria: In order to allow greater flexibility and address the intermediate size land tracts falling between different categories, it has further been decided to introduce a Graded Scale for Minimum Land Criteria. Thus for each contiguous fifty hectare parcel of land in a existing SEZ or which is added to a notified SEZ, an additional sector would be allowed. This would permit flexibility to the Developer to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... more the applicable duty liabilities. if any, as calculated under Rule 74 , as well as export obligations of the transferee company. if any. shall stand transferred to the new entity who shall be under obligation to discharge the same on the same term and conditions as the transferee company. Yours faithfully, (Rajeev Arora) Joint Secretary to the Government of India Copy to: 1. All Development Commissioners of SEZs 2. DG (Export Promotion). Department of Revenue 3. DG, EPC for EOUs SEZ Units 4. SEZ website Copy for information to: PS to CIM/PS to MOS/PPS to CS/ PPS to AS(MP) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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