SEZ rule amendment permits clubbing of contiguous zones beyond area cap and expands Approval Committee powers. The amendment defines Vacant Land as land lacking functional ports, manufacturing units, industrial activities or structures engaged in commercial or economic activity. It authorises the Central Government to permit clubbing of contiguous notified SEZs even where the resultant zone exceeds the prescribed area limit. The Approval Committee is empowered to approve broad banding, diversification, enhancement of production capacity and changes in items of manufacture or service activity if rule requirements are met, and may approve change of entrepreneur where the incoming entrepreneur assumes the assets and liabilities of the existing unit.
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SEZ rule amendment permits clubbing of contiguous zones beyond area cap and expands Approval Committee powers.
The amendment defines Vacant Land as land lacking functional ports, manufacturing units, industrial activities or structures engaged in commercial or economic activity. It authorises the Central Government to permit clubbing of contiguous notified SEZs even where the resultant zone exceeds the prescribed area limit. The Approval Committee is empowered to approve broad banding, diversification, enhancement of production capacity and changes in items of manufacture or service activity if rule requirements are met, and may approve change of entrepreneur where the incoming entrepreneur assumes the assets and liabilities of the existing unit.
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