Decrease in SEZ area: procedural application requires developer declaration, duty benefit disclosure, and Development Commissioner recommendation. Application for reduction of Special Economic Zone area is made on Form C5, requiring developer identity and approval details, present and proposed area, ... Summary
Decrease in SEZ area: procedural application requires developer declaration, duty benefit disclosure, and Development Commissioner recommendation.
Application for reduction of Special Economic Zone area is made on Form C5, requiring developer identity and approval details, present and proposed area, contiguity of remaining land, approval and notification dates, duty benefits and tax exemptions attributable to the area proposed for deletion, reasons for decrease, a sworn declaration of correctness and compliance, and the Development Commissioner's examination and recommendation.
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