Scheme to develop, operate and maintain special economic zones under section 80-IA of Income-tax Act read with rule 18C(2) of Income-tax Rules (From Para 1 to Para 5)
SEZ approval procedure requires state fiscal commitments and developer equity participation before issuance of permission. Applicants must submit a detailed project report to the State Chief Secretary; the State forwards the proposal with commitments on environmental clearance, utilities provision, state tax and levy exemptions for supplies to SEZ units, electricity duty exemptions and power generation/distribution permissions, delegation of industrial dispute powers to the Development Commissioner, public utility declaration, and a single point clearance system. The BOA reviews proposals and, if accepted, the central Department issues a Letter of Permission to the developer, who may develop the SEZ directly or through BOA-approved entities subject to an equity participation requirement for certain facilities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
SEZ approval procedure requires state fiscal commitments and developer equity participation before issuance of permission.
Applicants must submit a detailed project report to the State Chief Secretary; the State forwards the proposal with commitments on environmental clearance, utilities provision, state tax and levy exemptions for supplies to SEZ units, electricity duty exemptions and power generation/distribution permissions, delegation of industrial dispute powers to the Development Commissioner, public utility declaration, and a single point clearance system. The BOA reviews proposals and, if accepted, the central Department issues a Letter of Permission to the developer, who may develop the SEZ directly or through BOA-approved entities subject to an equity participation requirement for certain facilities.
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