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of <h1>New Rule 74 Process: SEZ Units Can Transfer Space via E-Auction with Independent Asset Valuation for Fair Market Recovery.</h1> The circular outlines an alternative method for transferring space by an exiting unit under Rule 74 of the SEZ Rules, 2006. It addresses stakeholder concerns about recovering asset value and introduces a process involving independent valuation of assets, potential buyer identification, and an e-auction for space allocation. The e-auction will determine the lease rent, with conditions ensuring the successful bidder pays for depreciated physical and financial assets. The process must be completed within 100 days, and the exiting unit remains liable for past liabilities. Detailed procedures and document requirements are provided for both exiting and incoming units.
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