SPECIAL ECONOMIC ZONES (THIRD AMENDMENT) RULES, 2010

Notification No. [SO 732(E) (File No. C.4/1/2010-SEZ)] dated 7-9-2010

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 (Third Amendment) Rules, 2010.

(2) They shall come into force on the date of their publication in the Official Gazette.

2.     In the Special Economic Zones Rules, 2009 (hereinafter referred to as the principal rules), in rule 27, in sub- rule (1) after second proviso, the following proviso shall be inserted, namely :—

“Provided also that items prohibited for import can be procured by a Special Economic Zone unit or Developer from a place outside India to the Special Economic Zone with the prior approval of Board of Approval”.

3.     In the principal rules, in rule 45 in sub-rule (1), the following provisos shall be inserted, namely :—

“Provided that a unit may export prohibited items to a place outside India with prior approval of Board of Approval :

Provided further that such prohibited items cannot be procured from Domestic Tariff Area.”

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Category : Income Tax (25362)
Type : Notifications (15376) Notifications/Circulars (30595)

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