SEZ co-developer approval: permission to provide infrastructure subject to statutory compliance and reporting requirements. Approval is granted to an entity as Co-developer to provide infrastructure facilities in a Special Economic Zone subject to the Special Economic Zones ... Summary
SEZ co-developer approval: permission to provide infrastructure subject to statutory compliance and reporting requirements.
Approval is granted to an entity as Co-developer to provide infrastructure facilities in a Special Economic Zone subject to the Special Economic Zones Act, 2005 and related rules; it requires execution of a Bond cum Legal Undertaking, obtaining statutory approvals, environmental and local law compliance, funding as per guidelines, maintenance of manpower and standards, fixation of user charges with the Development Commissioner, limitation of duty free procurement to Board approved activities after SEZ notification, prohibition on personal use of duty free goods, time limited validity co terminus with the Developer's approval, and periodic returns on import, procurement and utilisation.
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