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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Special Economic Zones Rules, 2003, Revoked: Impact on Duty Exemptions and SEZ-Domestic Tariff Area Transactions</h1> The Special Economic Zones (SEZ) Rules, 2003, were rescinded by Notification No. 13/2007-Cus., dated February 21, 2007. The rules outlined the establishment and operation of SEZs, defining terms such as 'authorized operation,' 'developer,' and 'domestic tariff area.' They specified processes for admission, movement, and utilization of goods within SEZs, including duty exemptions and conditions for transactions between SEZs and domestic tariff areas. The rules also addressed the management of accounts, submission of returns, and recovery of duties in case of non-compliance. Bonds were required to ensure compliance with these regulations.
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