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of <h1>SEZ Rules Amended: Second-Hand Capital Goods Now Permitted in Special Economic Zones Under Specific Conditions, Aligning with Section 10AA.</h1> The amendment to the SEZ Rules, 2006, addresses the procurement of second-hand capital goods by units in Special Economic Zones (SEZs). Initially, Rule 18(4)(g) prohibited the use of previously used capital goods in SEZs to prevent businesses from shifting to SEZs for tax exemptions. However, with the Finance Act, 2007 amending Section 10AA of the Income Tax Act, this rule was deleted due to conflicts with the new subsection. The approval for setting up new units in SEZs must ensure compliance with the amended provisions, allowing second-hand capital goods only under specified conditions.
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