Special Economic Zone approval enables developers to obtain exemption under section 80-IA upon government agreement. The scheme establishes development, approval and governance of Special Economic Zones to promote export oriented infrastructure and units, requiring project reports and State commitments on environment, utilities, tax and administrative delegations; the Board of Approval considers proposals and the Department of Commerce issues a letter of permission to developers, which is treated as the agreement for claiming exemption under section 80 IA of the Income tax Act, subject to compliance and possible withdrawal for breaches.