Provisions of clause (u) of section 2 of the Special Economic Zones Act, 2005, would not apply to setting up of (i) offsite Automated Teller Machines in the SEZ, and (ii) branches in Special Economic Zones by Banks, not licensed as Offshore Banking Units

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....ones by Banks, not licensed as Offshore Banking Units<br>Notification No. S. O. 527 Dated:- 3-3-2010 Special Economic Zone<br>SEZ<br>Miscellaneous<br>SEZ<br>Declaration of Central Government - clause ....

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....ection (1) of section 49 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby declares that the provisions of clause (u) of section 2 of the Special Economic Zones Act, ....