Minutes of the 61st meeting of the Board of Approval for SEZ held on 3rd April 2014 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals.
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SEZ approvals: board extends approvals and LoPs, grants in principle and co developer permissions subject to compliance conditions. The Board of Approval considered numerous SEZ regulatory matters and principally granted time bound extensions of formal approvals and Letters of Permission where progress or justification existed, approved in principle proposals and area increases subject to contiguity and state recommendations, authorized co developers and conditioned developer identity or ownership changes on continuity of obligations, eligibility (including security clearances) and disclosure to revenue authorities, and approved unit relocations and specialized operational permissions subject to tax, customs, technical and continuity safeguards. The BoA also required policy clarification on recycled items and imposed strict export and scope conditions for recycling and worn clothing units.
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SEZ approvals: board extends approvals and LoPs, grants in principle and co developer permissions subject to compliance conditions.
The Board of Approval considered numerous SEZ regulatory matters and principally granted time bound extensions of formal approvals and Letters of Permission where progress or justification existed, approved in principle proposals and area increases subject to contiguity and state recommendations, authorized co developers and conditioned developer identity or ownership changes on continuity of obligations, eligibility (including security clearances) and disclosure to revenue authorities, and approved unit relocations and specialized operational permissions subject to tax, customs, technical and continuity safeguards. The BoA also required policy clarification on recycled items and imposed strict export and scope conditions for recycling and worn clothing units.
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