On 5th February 2024, the Ministry of Commerce and Industry announced a significant amendment to the Special Economic Zones (SEZ) Rules, 2006. This development, marked by the notification G.S.R. 105(E), is pivotal for businesses operating within India’s Special Economic Zones. The amendment, officially titled the Special Economic Zones (Amendment) Rules, 2024, introduces critical changes intended to enhance operational flexibility and economic activity within SEZs.
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
NOTIFICATION
New Delhi the 5th February, 2024
G.S.R. 105(E).—In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely: –
1. (1) These rules may be called the Special Economic Zones (Amendment) Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Special Economic Zones Rules, 2006, In sub-rule (6) of rule 27, after the word “Agencies” the words “or free of charge from foreign buyer and Export thereof to the same foreign buyer” shall be inserted.
[F. No. D.12/4/2013-SEZ(pt)]
VIPUL BANSAL, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide notification number G.S.R 54(E), dated the 10th February, 2006 and lastly amended vide notification number G.S.R 881 (E) dated the 6th December, 2023
