Special Economic Zones ( Fourth Amendment) Rules, 2004
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Special Economic Zones Rules, 2003,- (A) in rule 2,- (i) in clause (c) , for the words "permitted by the Commissioner of Customs ", the words, brackets, letter and figures "approved by the Board of Approvals as defined in clause (c) of regulation 2 of the Special Economic Zones (Customs Procedures) Regulations,2003 " shall be substituted. (ii) after clause (i), the following clause shall be inserted, namely: ' (ii) " Unit Approval Committee", in respect of a special economic zone, means a committee set up fo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y part of a quarter the full such quarter shall be taken into account; and"; (D) for rule 11, following rule shall be substituted, namely:- "11. Removal of goods from a special economic zone unit to an export oriented undertaking or software technology park unit or electronic hardware technology park unit or to other special economic unit in the same or other special economic zone.- (1) With the prior permission of the Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, goods may be allowed to be removed from a special economic zone unit to an export oriented undertaking or software technology park unit or electronic hardware technology park unit or to ano....
X X X X Extracts X X X X
X X X X Extracts X X X X
....p; (E) in rule 12, in sub- rule (1), for clause (i), the following clause shall be substituted, namely:- "(i) in case of destruction of goods procured from domestic tariff area, the special economic zone unit shall be required to pay back the export benefits taken by the domestic tariff area supplying unit or taken by the special economic zone unit on the basis of disclaimer from domestic tariff area unit: Provided that where such goods have been procured by the special economic zone unit against payment of foreign exchange, the special economic zone unit shall not be liable to pay back the export benefits, taken by the domestic tariff unit from which such goods have....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (I) in rule 20, in clause (a), (i) for the words " either exported or" the words " either exported or shall be transferred to another special economic zone unit in other special economic zone or to export oriented undertaking or unit in electronic hardware technology park or software technology park with out payment of duty or" shall be substituted ; (ii) after the proviso, the following proviso shall be inserted, namely:- " Provided further that in case the goods admitted into special economic zone unit from domestic tariff area, on which benefit under duty ex....
TaxTMI