Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Foreign Trade Policy redefinition replaces Export and Import Policy in SEZ Rules, aligning SEZ regime with updated trade policy. The amendment substitutes clause (e) of the Special Economic Zone Rules to define 'Foreign Trade Policy' as the Foreign Trade Policy published for the specified policy period and directs that every instance of the phrase 'Export and Import Policy' in the SEZ Rules be replaced by 'Foreign Trade Policy,' thereby aligning SEZ Rule terminology with the updated national trade policy; the amendment is effected by notification under the rulemaking power of the Customs Act and takes effect on publication in the Official Gazette.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign Trade Policy redefinition replaces Export and Import Policy in SEZ Rules, aligning SEZ regime with updated trade policy.
The amendment substitutes clause (e) of the Special Economic Zone Rules to define "Foreign Trade Policy" as the Foreign Trade Policy published for the specified policy period and directs that every instance of the phrase "Export and Import Policy" in the SEZ Rules be replaced by "Foreign Trade Policy," thereby aligning SEZ Rule terminology with the updated national trade policy; the amendment is effected by notification under the rulemaking power of the Customs Act and takes effect on publication in the Official Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.