| SECTIONS |
Special
Economic Zones Act, 2005 |
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Preamble |
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CHAPTER I : PRELIMINARY |
| 1. |
Short title, extent and commencement |
| 2. |
Definitions |
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CHAPTER II: ESTABLISHMENT OF SPECIAL ECONOMIC ZONE |
| 3. |
Procedure for making proposal to establish Special Economic Zone |
| 4. |
Establishment of Special Economic Zone and approval and authorisation to operate it to Developer |
| 5. |
Guidelines for notifying Special Economic Zone |
| 6. |
Processing and non-processing areas |
| 7. |
Exemption from taxes, duties or cess |
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CHAPTER III: CONSTITUTION OF BOARD OF APPROVAL |
| 8. |
Constitution of Board of Approval |
| 9. |
Duties, powers and functions of Board |
| 10. |
Suspension of letter of approval and transfer of Special Economic Zone in certain cases |
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CHAPTER IV: DEVELOPMENT COMMISSIONER |
| 11. |
Development Commissioner |
| 12. |
Functions of Development Commissioner |
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CHAPTER V: SINGLE WINDOW CLEARANCE |
| 13. |
Constitution of Approval Committee |
| 14. |
Powers and functions of Approval Committee |
| 15. |
Setting up of Unit |
| 16. |
Cancellation of letter of approval to entrepreneur |
| 17. |
Setting up and operation of Offshore Banking Unit |
| 18. |
Setting up of International Financial Services Centre |
| 19. |
Single application form, return, etc |
| 20. |
Agency to inspect |
| 21. |
Single enforcement officer or agency for notified offences |
| 22. |
Investigation, inspection, search or seizure |
| 23. |
Designated Courts to try suits and notified offences |
| 24. |
Appeal to High Court |
| 25. |
Offences by companies |
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CHAPTER VI: SPECIAL FISCAL PROVISIONS FOR SPECIAL ECONOMIC
ZONES |
| 26. |
Exemptions, drawbacks and concessions every Developer and entrepreneur |
| 27. |
Provisions of Income-tax Act, 1961 to apply with certain modification in relation to Developers and entrepreneurs |
| 28. |
Duration of goods or services in Special Economic Zones |
| 29. |
Transfer of ownership and removal of goods |
| 30. |
Domestic clearance by Units |
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CHAPTER VII: SPECIAL ECONOMIC ZONE AUTHORITY |
| 31. |
Constitution of Authority |
| 32. |
Officers of Authority and other staff |
| 33. |
Special provision for transfer of officers or other employees to Authority |
| 34. |
Functions of Authority |
| 35. |
Grants and loans by Central Government |
| 36. |
Constitution of Fund and its application |
| 37. |
Accounts and audit |
| 38. |
Directions by Central Government |
| 39. |
Returns and reports |
| 40. |
Power to supersede Authority |
| 41. |
Members, officers and other employees of Authority to be public servants |
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CHAPTER VIII: MISCELLANEOUS |
| 42. |
Reference of dispute |
| 43. |
Limitation |
| 44. |
Applicability of provisions of this Act to existing Special Economic Zones |
| 45. |
Person to whom a communication may be sent under this Act |
| 46. |
Identity card |
| 47. |
Authorities responsible for administration |
| 48. |
Protection of action taken in good faith |
| 49. |
Power to modify provisions of this Act or other enactments in relation to Special Economic Zones |
| 50. |
Power of State Government to grant exemption |
| 51. |
Act to have overriding effect |
| 52. |
Certain provisions not to apply |
| 53. |
Special Economic Zones to be ports, airports, inland container depots, land stations, etc., in certain cases |
| 54. |
Amendment to First Schedule |
| 55. |
Power to make rules |
| 56. |
Power to remove difficulties |
| 57. |
Amendment of certain enactments |
| 58. |
Savings |
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Schedule |
