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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.