Special Economic Zones: Act, Rules, Regulations: Amendments, Circulars & Instructions - Issued by SEZ Division of Ministry of Commerce and Industry

Special Economic Zones (SEZs) in India are governed by the Special Economic Zones Act, 2005, and the Special Economic Zones Rules, 2006. The SEZ Division of the Ministry of Commerce and Industry issues various amendments, circulars, and instructions to ensure the proper functioning and regulation of these zones.

Special Economic Zones Act, 2005

The SEZ Act, 2005, provides the legal framework for the establishment, development, and management of SEZs in India. Key features include:

• Simplification of procedures for the development, operation, and maintenance of SEZs.
• Single-window clearance on matters relating to central and state governments.
• Various incentives and facilities for developers and units operating within SEZs, including duty-free import/domestic procurement of goods for development, operation, and maintenance.

Special Economic Zones Rules, 2006

The SEZ Rules, 2006, outline the procedures and operational guidelines for SEZs, including:

• Procedures for establishment and approval of SEZs.
• Regulations for the functioning of SEZ units.
• Compliance requirements for developers and units.
• Specific provisions related to foreign investment, work permits, and repatriation of profits.

Amendments, Circulars, and Instructions

To address evolving economic and regulatory needs, the SEZ Division periodically issues amendments to the Act and Rules, as well as circulars and instructions.