TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All News
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All News
Join Channel
Note
Bookmark
Share
Don't have an account? Register Here
In terms of Rule 6(2) (a) of the Special Economic Zones Rules, 2006, the letter of approval granted to a SEZ developer is valid for a period of three years within which time effective steps are to be taken by the developer to implement the approved project. The Board of Approval may, on an application by the developer, extend the validity period of the letter of approval.
Some SEZ developers have sought extension of validity period of the letter of approval granted to them for the execution of their projects stating reasons including adverse business climate due to global recession, delay in approvals from statutory/State Government bodies, delay in environmental clearance, lack of demand for space in SEZs, changed fiscal incentive regime for SEZs etc. After deliberations and taking into account the facts and circumstances of each case, the Board of Approval for SEZs has granted approval for extension of validity of approval in the case of several developers for the execution of their projects. The State wise position of extension of validity of approvals granted for developers from 1.4.2012 till 30.11.2013 is given as per
Annexure
State-wise details of number of SEZ Developers granted extension of validity
of their Approvals for setting up SEZ (w.e.f. 1.4.2012 to 30.11.2013)
Sl. No. | State | No. of SEZ Developers granted extension of Approvals |
1. | Andhra Pradesh | 13 |
2. | Gujarat | 10 |
3. | Haryana | 9 |
4. | Jharkhand | 1 |
5. | Karnataka | 12 |
6. | Kerala | 15 |
7. | Madhya Pradesh | 2 |
8. | Maharashtra | 18 |
9. | Nagaland | 3 |
10. | Odisha | 5 |
11. | Tamil Nadu | 16 |
12. | Uttar Pradesh | 6 |
13. | West Bengal | 5 |
| GRAND TOTAL | 115 |
The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Lok Sabha today.
Extension of SEZ approval validity available where implementation delays arise, with the Board granting extensions after case-by-case review. Rule 6(2)(a) of the Special Economic Zones Rules, 2006 fixes a three-year validity for letters of approval to SEZ developers, subject to extension by the Board of Approval on application. Developers requested extensions due to adverse business conditions, statutory or environmental clearance delays, low demand for SEZ space, and changes in fiscal incentives; the Board granted extensions after case-by-case consideration, as reflected in a state-wise tally of approvals extended. of Press 'Enter' after typing page number.
TaxTMI 
