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of <h1>SEZ Establishment: Central Government Can Designate, Modify, or Withdraw Economic Zones Based on Specific Criteria and Procedures</h1> The statutory provision outlines the procedure for establishing a Special Economic Zone (SEZ). After submitting required details and accepting specified conditions, the Central Government can notify an area as an SEZ if it meets minimum area requirements. The government retains the ability to modify, withdraw, or rescind the SEZ notification upon recommendation from the Board, with the developer required to submit withdrawal applications through a specified form to the Development Commissioner.
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