SEZ approval powers upheld as Board affirms UAC authority to restrict high risk items and grant extensions. The Board reviewed multiple SEZ matters: it upheld UAC/DC authority to restrict warehousing of sensitive commodities and require client KYC under DoC Instruction No.117 and the proviso to Rule 19(2); remanded one appeal where only a draft show cause existed; affirmed that employee food services are not zero rated SEZ operations under existing Instructions; applied Rule 18(4)(d) to deny DTA sale of reconditioned imports requiring one to one export correlation; granted several one year LOA and in principle extensions; approved de notifications, non processing demarcation and co developer cancellations subject to DC oversight.
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SEZ approval powers upheld as Board affirms UAC authority to restrict high risk items and grant extensions.
The Board reviewed multiple SEZ matters: it upheld UAC/DC authority to restrict warehousing of sensitive commodities and require client KYC under DoC Instruction No.117 and the proviso to Rule 19(2); remanded one appeal where only a draft show cause existed; affirmed that employee food services are not zero rated SEZ operations under existing Instructions; applied Rule 18(4)(d) to deny DTA sale of reconditioned imports requiring one to one export correlation; granted several one year LOA and in principle extensions; approved de notifications, non processing demarcation and co developer cancellations subject to DC oversight.
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