Amended rule allows SEZ Units in International Financial Services Centre to import/export aircraft or aircraft engines to/from Domestic Tariff Area.

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Full Text of the Document

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....The Notification issued by the Ministry of Commerce and Industry introduces the Special Economic Zones (Third Amendment) Rules, 2024. Rule 29A of the Special Economic Zones Rules, 2006 has been amended to include the procedure for import, export, or procurement from the Domestic Tariff Area of aircraft or aircraft engine by a Unit in the International Financial Services Centre. This amendment is made u/s 55 of the Special Economic Zones Act, 2005. The amendment substitutes the word "aircraft" with "aircraft or aircraft engine." The rules came into force upon publication in the Official Gazette.....