Home India Ministry of Commerce and Industry Amendment in Rule 29A of the SEZs Rules, 2006...
Date: 06-Jun-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in Rule 29A of the SEZs Rules, 2006

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

What it means

  • The gazette notification introduces the Special Economic Zones (Third Amendment) Rules, 2024. These rules amend the Special Economic Zones Rules, 2006.

Key Changes

  • The amendment modifies Rule 29A of the Special Economic Zones Rules, 2006.
  • The term 'aircraft' is replaced with 'aircraft or aircraft engine' wherever it appears in Rule 29A.
  • The rules come into effect on the date of their publication in the Official Gazette, which is June 6, 2024.

Impact Analysis

Operational Impact

  • SEZ units involved in the manufacturing, repair, or maintenance of aircraft engines will now be explicitly covered under Rule 29A.

Suggested Action Items

  • Engage with government agencies to clarify any uncertainties and ensure smooth implementation.

Stakeholders

  • Customs and Tax Authorities: These authorities will need to update their procedures to reflect the inclusion of 'aircraft engine' in Rule 29A.

Key Entities Referenced

Central Government: The entity issuing the notification and responsible for amending the Special Economic Zones Rules, 2006. Ministry of Commerce and Industry (Department of Commerce): The ministry responsible for formulating and implementing policies related to Special Economic Zones. Special Economic Zones Act, 2005: The principal legislation governing the establishment, development, and management of Special Economic Zones in India. Special Economic Zones Rules, 2006: The rules framed under the Special Economic Zones Act, 2005, providing detailed procedures and guidelines for SEZ operations. These rules are being amended by this notification. Rule 29A of the Special Economic Zones Rules, 2006: The specific rule within the Special Economic Zones Rules, 2006 that is being amended to include 'aircraft or aircraft engine'.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-06062024-254587 CG-DxLx-xEG-I0D6H0x6x2x0 24-254587 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 293] नई दिल्ली, बृहस्ट्प जतवार, िनू 6, 2024/ज्य ष्े ठ 16, 1946 No. 293] NEW DELHI, THURSDAY, JUNE 6, 2024/JYAISHTHA 16, 1946 वाजणज्य और उद्योग मत्रं ालय (वाजणज्य जवभाग) अजधसचू ना नई दिल्ली, 6 िून, 2024 सा.का.जन. 314(अ).—केन्िीय सरकार जविेष आर्थिक िोन अजधजनयम, 2005 (2005 का 28) की धारा 55 द्वारा प्रित्त िजियों का प्रयोग करते हुए, जविेष आर्थिक िोन जनयम, 2006 म ें और सिं ोधन करने के जलए, जनम्नजलजखत जनयम बनाती ह,ै अथाित:् - 1. (1) इन जनयमों का संजिप्त नाम जविेष आर्थिक िोन (तीसरा संिोधन) जनयम, 2024 ह।ै (2) य ेरािपत्र म ेंउनके प्रकािन की तारीख स े प्रवृत होंगे। 2. जविेष आर्थिक िोन जनयम, 2006 के जनयम 29क में, "वायुयान " िब्ि, िहां कहीं भी आता ह ैं , के स्ट्थान पर "वायुयान या वायुयान इंिन" िब्ि रख ेंिाएंगे। [फा. स.ं K-20019/3/2019-एसईिेड-भाग(1)] जवमल आनंि, संयुि सजचव 3413 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट : मलू जनयम भारत के रािपत्र, असाधारण, भाग-II, खडं 3, उप-खडं (i) में अजधसूचना संख्या सा.का.जन. 54 (अ), तारीख 10 फरवरी, 2006 के द्वारा प्रकाजित दकए गए थ े और उन्ह ें अंजतम बार संिोजधत अजधसूचना सख्ं या सा.का.जन. 194(अ), तारीख 14 माचि, 2024 के द्वारा दकया गया था। MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 6th June, 2024 G.S.R. 314(E).—In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely: - 1. (1) These rules may be called the Special Economic Zones (Third Amendment) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In rule 29A of the Special Economic Zones Rules, 2006, for the word "aircraft" , wherever it occurs, the words "aircraft or aircraft engine" shall be substituted. [F. No. K-20019/3/2019-SEZ-Part(1) ] VIMAL ANAND, Jt. Secy. Note:- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide notification number G.S.R. 54(E), dated the 10th February, 2006 and lastly amended vide notification number G.S.R. 194 (E), dated the 14th March, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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