Insertion of new Chapter XA

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....IAL ECONOMIC ZONE 76A. Notification of special economic zone- The Central Government may, by notification in the Official Gazette, specify special economic zones comprising specifically delineated areas where any goods admitted shall be regarded, in so far as duties of customs are concerned, as being outside the customs territory of India as provided in this Chapter. 76B. Application of provisio....

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....he goods kept or stored in a special economic zone. 76D. Admission of goods-Subject to such conditions as may be specified in the rules made in this behalf, any goods imported directly from outside India or procured from within India shall be authorised for admission to a special economic zone. 76E. Exemption from duties of customs- Without prejudice to the provisions of sections 76F, 76G and 76....

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.... tariff valuation in force as on the date of such admission or removal, as the case may be, and where such date is not ascertainable, on the date of payment of the duty. 76G. Authorised operations- All goods admitted lo a special economic zone shall undergo such operations including processing or manufacturing as may be specified in the rules made in this behalf. 76H. Goods utilized within a spe....

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....J. Duration of stay- Any goods admitted to a special economic zone shall not be allowed to remain within such zone beyond such time as may be specified in the rules made in this behalf. 76K. Security- Any goods admitted free of duty to a special economic zone or goods under transhipment to and from such zone without payment of duty shall be subject to execution of such bond and such surety or sec....