SEZ sector definition and land requirements revised, with new built up standards and a regulated asset transfer exit mechanism. The amendment revises sector definition to permit combining related products, services, ancillary and R&D activities as a single sector with Board approval; reduces minimum land thresholds and prescribes differentiated minimum built up processing areas for specified sectors and city categories; and establishes a transfer mechanism allowing SEZ units to exit by transferring assets and liabilities to an approved transferee subject to lease and operational tenure, Approval Committee consent, transferee eligibility, and transfer of duties, liabilities and export obligations.
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SEZ sector definition and land requirements revised, with new built up standards and a regulated asset transfer exit mechanism.
The amendment revises sector definition to permit combining related products, services, ancillary and R&D activities as a single sector with Board approval; reduces minimum land thresholds and prescribes differentiated minimum built up processing areas for specified sectors and city categories; and establishes a transfer mechanism allowing SEZ units to exit by transferring assets and liabilities to an approved transferee subject to lease and operational tenure, Approval Committee consent, transferee eligibility, and transfer of duties, liabilities and export obligations.
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