Minutes of the 43rd meeting of the SEZ Board of Approval held on 18th November 2010 to consider proposals for setting up of Special Economic Zones

SEZ approvals conditioned on tax treatment, regulatory clearances, and developer compliance with contiguity and refund obligations.

The Board approved multiple SEZ formal and authorised-operation proposals and co-developer requests subject to development guidelines, regulatory clearances and DC due-diligence. Co-developer approvals uniformly carried the condition that lease terms shall not determine tax treatment and Assessing Officers may examine taxability under Income Tax law. Matters touching revenue, service tax refund/exemption and certain contiguity relaxations were deferred pending Department of Revenue or TRU inputs. Authorised operations and de-notifications were approved in specified quantums, with conditions to refund tax/duty benefits where applicable and to comply with environmental and FTP-based import restrictions.