Operationalisation of SEZ customs provisions expands transfer rights and procedural relaxations while preserving safeguards on export incentives. Operationalisation of Chapter XA implements amended Special Economic Zone Rules and Regulations effective 11 5 2004, liberalising procedures: depreciation for capital goods and computers is by straight line method (full quarter convention, up to 100%); SEZ units may transfer all goods (including raw materials) to EOU/EHTP/STP/SEZ with safeguards against indirect benefit of drawback or DEPB; repayment of export benefits on destruction is not required where payment was received in foreign exchange; procedural changes include endorsed returns to Development Commissioner, bonds with Deputy/Assistant Commissioners, jurisdictional monitoring through Unit Approval Committee, and developer approvals based on Chartered Engineer assessments.
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Operationalisation of SEZ customs provisions expands transfer rights and procedural relaxations while preserving safeguards on export incentives.
Operationalisation of Chapter XA implements amended Special Economic Zone Rules and Regulations effective 11 5 2004, liberalising procedures: depreciation for capital goods and computers is by straight line method (full quarter convention, up to 100%); SEZ units may transfer all goods (including raw materials) to EOU/EHTP/STP/SEZ with safeguards against indirect benefit of drawback or DEPB; repayment of export benefits on destruction is not required where payment was received in foreign exchange; procedural changes include endorsed returns to Development Commissioner, bonds with Deputy/Assistant Commissioners, jurisdictional monitoring through Unit Approval Committee, and developer approvals based on Chartered Engineer assessments.
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