Minutes of the 74th meeting of the Board of Approval for SEZ held on 6th January 2017 to consider setting up of Special Economic Zones and other miscellaneous proposals
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Special Economic Zones: extensions of approvals, SEZ merger approved, co developer and shareholding changes granted with conditions. The Board issued time limited extensions of formal approvals and Letters of Permission for multiple SEZ developers and units, deferred or required hearings/inspections where operational progress was lacking, approved co developer arrangements subject to prohibition of duty benefits outside SEZs and a maximum 30 year lease, approved several new sector specific SEZs while deferring those lacking state recommendations, authorised a multi SEZ merger conditioned on contiguity, and approved change of shareholding requests subject to continuity, eligibility, tax compliance and disclosure to revenue authorities.
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Special Economic Zones: extensions of approvals, SEZ merger approved, co developer and shareholding changes granted with conditions.
The Board issued time limited extensions of formal approvals and Letters of Permission for multiple SEZ developers and units, deferred or required hearings/inspections where operational progress was lacking, approved co developer arrangements subject to prohibition of duty benefits outside SEZs and a maximum 30 year lease, approved several new sector specific SEZs while deferring those lacking state recommendations, authorised a multi SEZ merger conditioned on contiguity, and approved change of shareholding requests subject to continuity, eligibility, tax compliance and disclosure to revenue authorities.
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