Board Approves SEZ Proposals: Co-Developer Status, Area Adjustments, Extensions, De-Notifications, and More.

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....The Board of Approval (BoA) for Special Economic Zones (SEZs) considered various proposals related to SEZs, including requests for co-developer status, increase/decrease in area, de-notification, extension of validity, conversion of processing to non-processing area, and miscellaneous matters. The key decisions were: Approving co-developer proposals with conditions like adherence to SEZ Act/Rules, taxability examination, and lease period compliance. Permitting decrease/increase in co-developer area and partial surrender, subject to duty/tax repayments and undertakings. Allowing de-notification of entire SEZs and processing area conversion to non-processing u/r 11B, with duty/tax remittances and differential payment undertakings. Granting ex.........