Minimum land requirements in SEZ rules eased, altering eligibility, de notification and asset transfer conditions for units. Amendments reduce minimum land and built up area thresholds for SEZs, create a new agro based food processing sector, and remove the land criterion for IT/ITES in favor of graduated built up area requirements tied to city classification. They permit sectoral broad banding and a graded scale allowing additional sectors per contiguous land parcels, clarify vacancy and inclusion rules on pre existing structures' benefit entitlements, set state NOC and land use conditions for de notification, and enable unit exit by asset and liability transfer under Rule 74A subject to tenure, approval and transfer of duty and export obligations.
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Minimum land requirements in SEZ rules eased, altering eligibility, de notification and asset transfer conditions for units.
Amendments reduce minimum land and built up area thresholds for SEZs, create a new agro based food processing sector, and remove the land criterion for IT/ITES in favor of graduated built up area requirements tied to city classification. They permit sectoral broad banding and a graded scale allowing additional sectors per contiguous land parcels, clarify vacancy and inclusion rules on pre existing structures' benefit entitlements, set state NOC and land use conditions for de notification, and enable unit exit by asset and liability transfer under Rule 74A subject to tenure, approval and transfer of duty and export obligations.
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