Extension of in-principle approvals: grant subject to timely filing, implementation steps, and sectoral land thresholds. A first extension of one year for in-principle approvals may be granted if the request was filed before LoA expiry and implementation steps like land acquisition have been taken; area approvals above 5000 hectares must be capped at 5000 hectares. Sector-specific rules govern a second extension: none for certain IT/ITES and similar SEZs; for other sector-specific SEZs developers must have sixty percent land acquisition/possession, and for multi-product SEZs fifty percent; non-complying cases go to the Board of Approvals. Amendment to allow further extension for multi-product SEZs is under process.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extension of in-principle approvals: grant subject to timely filing, implementation steps, and sectoral land thresholds.
A first extension of one year for in-principle approvals may be granted if the request was filed before LoA expiry and implementation steps like land acquisition have been taken; area approvals above 5000 hectares must be capped at 5000 hectares. Sector-specific rules govern a second extension: none for certain IT/ITES and similar SEZs; for other sector-specific SEZs developers must have sixty percent land acquisition/possession, and for multi-product SEZs fifty percent; non-complying cases go to the Board of Approvals. Amendment to allow further extension for multi-product SEZs is under process.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
