SEZ approval and operational rules expanded to permit conversions, extend approval validity and subcontracting procedures. Amendments revise SEZ Rules to clarify Advance Licence definition, expand SEZ categorisation and permit Board-approved conversions where contiguous vacant land increases area. The Central Government must grant formal or in-principle approvals in specified forms with defined validity periods and discretionary extensions. Developers must certify legal possession and absence of encumbrances; leasehold areas must meet minimum lease terms. Operational rules specify secured entry/exit for processing areas, minimum lease durations tied to approval validity, eligibility of Board-approved infrastructure for exemptions, contractor access to unit exemptions under joint documentation, and streamlined subcontracting permissions with bank guarantee limits.
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SEZ approval and operational rules expanded to permit conversions, extend approval validity and subcontracting procedures.
Amendments revise SEZ Rules to clarify Advance Licence definition, expand SEZ categorisation and permit Board-approved conversions where contiguous vacant land increases area. The Central Government must grant formal or in-principle approvals in specified forms with defined validity periods and discretionary extensions. Developers must certify legal possession and absence of encumbrances; leasehold areas must meet minimum lease terms. Operational rules specify secured entry/exit for processing areas, minimum lease durations tied to approval validity, eligibility of Board-approved infrastructure for exemptions, contractor access to unit exemptions under joint documentation, and streamlined subcontracting permissions with bank guarantee limits.
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