SEZ exit formalities must be processed under Rule 74, with certificates issued after compliance with prescribed conditions.

An application for exit from the Special Economic Zone scheme must be processed under Rule 74 of the Special Economic Zones Rules, 2006, with assessment of the remaining bills of entry and completion of exit formalities carried out expeditiously. Where the applicant is willing to pay the assessed dues and satisfy the prescribed conditions, the authorities are to issue the no dues certificate and exit certificate upon compliance. The Court directed the respondents to complete the process and pass appropriate orders promptly, preferably within a week, after fulfillment of the required conditions.

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Issues: Whether the petitioner's request for exit from the Special Economic Zone scheme and for issuance of no dues and exit certificates was required to be processed on compliance with Rule 74 of the Special Economic Zones Rules, 2006.

Analysis: The petitioner expressed willingness to pay the dues assessed for clearance of the remaining goods and to complete the exit formalities. The respondents stated that the application was being processed under Rule 74 of the Special Economic Zones Rules, 2006, that assessment of the bills of entry would be undertaken expeditiously, and that the no dues certificate and exit certificate would be issued upon fulfillment of the prescribed conditions. In view of that position, the Court directed the authorities to carry out the necessary process and pass appropriate orders on fulfillment of the conditions, preferably within a week.

Conclusion: The petitioner was entitled to have its exit application and allied requests processed expeditiously in accordance with Rule 74 of the Special Economic Zones Rules, 2006, and the respondents were directed to issue the consequential certificates upon compliance.

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