SEZ import duty exemption allows developers to import goods duty-free subject to authorization, storage, reporting and bond. Exemption for goods imported into or procured for development, operation and maintenance of a Special Economic Zone relieves such goods from customs duty under the Customs Tariff Act and additional duty under section 3, conditional upon Development Commissioner permission, Committee authorisation, storage in licensed warehouses, maintenance of accounts with quarterly statements to the Commissioner, restriction on removal without officer permission and duty payment, and execution of a bond obliging utilisation within six months or payment of duty with interest.