SEZ approval requires developer compliance with SEZ Act, statutory clearances, environmental safeguards and operational conditions. Approval for a Special Economic Zone is subject to compliance with the Special Economic Zones Act, 2005 and related rules; execution of a Bond cum Legal ... Summary
SEZ approval requires developer compliance with SEZ Act, statutory clearances, environmental safeguards and operational conditions.
Approval for a Special Economic Zone is subject to compliance with the Special Economic Zones Act, 2005 and related rules; execution of a Bond cum Legal Undertaking; statutory and local clearances; environmental and rehabilitation obligations; securing project funding; implementation within the prescribed period with periodic progress reports; maintenance of manpower and operational standards; Board approval for specific activities to access duty free import or domestic procurement; prohibition on personal use of duty free goods; bearing cost of government staff; and submission of maps and statutory returns for notification and regulatory oversight.
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