SEZ governance and approvals: Board extends approval validity, allows area changes, de-notification, and processing-area conversions. The Board of Approval for Special Economic Zones ratified the previous minutes, extended a unit's Letter of Approval for one year, approved an increase in development rights and land area for an existing co-developer, permitted partial de-notification of SEZ land containing a hotel, and allowed multiple conversions of processing built-up area into Non-Processing Area under Rule 11B after repayment of duty benefits and issuance of no-dues certificates. It also approved amalgamation of two adjoining SEZs into one multi-sector SEZ, subject to stricter existing conditions, and remanded an appeal against cancellation of a unit's Letter of Approval for fresh decision after hearing.
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SEZ governance and approvals: Board extends approval validity, allows area changes, de-notification, and processing-area conversions.
The Board of Approval for Special Economic Zones ratified the previous minutes, extended a unit's Letter of Approval for one year, approved an increase in development rights and land area for an existing co-developer, permitted partial de-notification of SEZ land containing a hotel, and allowed multiple conversions of processing built-up area into Non-Processing Area under Rule 11B after repayment of duty benefits and issuance of no-dues certificates. It also approved amalgamation of two adjoining SEZs into one multi-sector SEZ, subject to stricter existing conditions, and remanded an appeal against cancellation of a unit's Letter of Approval for fresh decision after hearing.
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