SEZ approvals and de-notification actions updated; extensions, co-developer recognitions, and demarcation directives issued with taxability review directions. Board of Approval ratified prior minutes and granted extensions of in-principle/formal approvals and LoAs for specified SEZs and units with revised expiry dates. It approved two entities for co-developer status to provide construction, common infrastructure and management services within designated SEZ premises, subject to SEZ Act and Rules and assessing officer review of taxability of lease or premium income; lease periods to follow Department of Commerce instruction. The Board authorized demarcation of specified built-up areas as non-processing under Rule 11B and recommended de-notifications and regulatory amendment where minimum area norms were implicated.
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Provisions expressly mentioned in the judgment/order text.
SEZ approvals and de-notification actions updated; extensions, co-developer recognitions, and demarcation directives issued with taxability review directions.
Board of Approval ratified prior minutes and granted extensions of in-principle/formal approvals and LoAs for specified SEZs and units with revised expiry dates. It approved two entities for co-developer status to provide construction, common infrastructure and management services within designated SEZ premises, subject to SEZ Act and Rules and assessing officer review of taxability of lease or premium income; lease periods to follow Department of Commerce instruction. The Board authorized demarcation of specified built-up areas as non-processing under Rule 11B and recommended de-notifications and regulatory amendment where minimum area norms were implicated.
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