https://www.taxtmi.com/circulars?id=54325 The Board extended multiple formal approvals and LoPs subject to implementation timelines and standard SEZ Act and Rules. Co-developer approvals require standard conditions, generally limited to 30-year renewable leases, and tax treatment of lease-related receipts is subject to Assessing Officer scrutiny. Several co-developer proposals were approved with defined scopes; others were rejected where applicants acted as contractors or proposed infrastructure not necessary for SEZs. Duty-free CAPEX and O&M benefits were disallowed for additional facilities serving the Domestic Tariff Area. Rule 74A does not apply where units remain going concerns after restructuring; ownership transfers assessed case by case. en-us Tue, 23 Feb 2016 00:00:00 +0530 Tue, 08 Mar 2016 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54325 The Board extended multiple formal approvals and LoPs subject to implementation timelines and standard SEZ Act and Rules. Co-developer approvals require standard conditions, generally limited to 30-year renewable leases, and tax treatment of lease-related receipts is subject to Assessing Officer scrutiny. Several co-developer proposals were approved with defined scopes; others were rejected where applicants acted as contractors or proposed infrastructure not necessary for SEZs. Duty-free CAPEX and O&M benefits were disallowed for additional facilities serving the Domestic Tariff Area. Rule 74A does not apply where units remain going concerns after restructuring; ownership transfers assessed case by case. Circulars SEZ Tue, 23 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54325