Act 28 of 2005

The Special Economic Zones Act, 2005

An Act to provide for the establishment, development and management of the Special Economic Zones for the promotion of exports and for matters connected therewith or incidental thereto.

  • Ministry of Commerce and Industry
  • Department of Commerce
  • Enacted 2005-06-23
  • 58 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
3 Procedure for making proposal to establish Special Economic Zone. Read
4 Establishment of Special Economic Zone and approval and authorisation to operate it to, Developer. Read
5 Guidelines for notifying Special Economic Zone. Read
6 Processing and non-processing areas. Read
7 Exemption from taxes, duties or cess. Read
8 Constitution of Board of Approval. Read
9 Duties, Powers and functions of Board. Read
10 Suspension of letter of approval and transfer of Special Economic Zone in certain cases. Read
11 Development Commissioner. Read
12 Functions of Development Commissioner. Read
13 Constitution of Approval Committee. Read
14 Powers and functions of Approval Committee. Read
15 Setting up of Unit. Read
16 Cancellation of letter of approval to entrepreneur. Read
17 Setting up and operation of Offshore Banking Unit. Read
18 Setting up of International Financial Services Centre. Read
19 Single application form, return, etc. Read
20 Agency to inspect. Read
21 Single enforcement officer or agency for notified offences. Read
22 Investigation, inspection, search or seizure. Read
23 Designated Courts to try suits and notified offences. Read
24 Appeal to High Court. Read
25 Offences by companies. Read
26 Exemptions, drawbacks and concessions to every Developer and entrepreneur. Read
27 Provisions of Income-tax Act, 1961 to apply with certain modification in relation to Developers and entrepreneurs. Read
28 Duration of goods or services in Special Economic Zones. Read
29 Transfer of ownership and removal of goods. Read
30 Domestic clearance by Units. Read
31 Constitution of Authority. Read
32 Officers of Authority and other staff. Read
33 Special provision for transfer of officers or other employees to Authority. Read
34 Functions of Authority. Read
35 Grants and loans by Central Government. Read
36 Constitution of Fund and its application. Read
37 Accounts and audit. Read
38 Directions by Central Government. Read
39 Returns and reports. Read
40 Power to supersede Authority. Read
41 Members, officers and other employees of Authority to be public servants. Read
42 Reference of dispute. Read
43 Limitation. Read
44 Applicability of provisions of this Act to existing Special Economic Zones. Read
45 Person to whom a communication may be sent under this Act. Read
46 Identity Card. Read
47 Authorities responsible for administration. Read
48 Protection of action taken in good faith. Read
49 Power to modify provisions of this Act or other enactments in relation to Special Economic Zones. Read
50 Power of State Government to grant exemption. Read
51 Act to have overriding effect. Read
52 Certain provisions not to apply. Read
53 Special Economic Zones to be ports, airports, inland container depots, land stations, etc., in certain cases. Read
54 Amendment to First Schedule. Read
55 Power to make rules. Read
56 Power to remove difficulties. Read
57 Amendment of certain enactments. Read
58 Savings. Read
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