Home› India› Ministry of Commerce and Industry› Publication of notification regarding Amendment in Rule 43A ...
Date: 26-Dec-2024 Category: Extra Ordinary State: Union Government Country: India

Publication of notification regarding Amendment in Rule 43A of SEZ Rules, 2006

Issued by Ministry of Commerce and Industry · Department of Commerce

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • This gazette notification introduces the Special Economic Zones (Fifth Amendment) Rules, 2024.
  • It amends the Special Economic Zones Rules, 2006, specifically rule 43A sub-rule (3).
  • The key change involves extending a deadline from December 31, 2024, to December 31, 2027.

Key Changes

  • The Special Economic Zones (Fifth Amendment) Rules, 2024 are effective from the date of their publication in the Official Gazette which is December 26, 2024.
  • Rule 43A sub-rule (3) of the Special Economic Zones Rules, 2006 is amended.
  • The date '31st December, 2024' is replaced with '31st December, 2027'.

Impact Analysis

Businesses Operating in SEZs

  • Action Item: Update internal compliance calendars and communicate the change to relevant departments.

Government Authorities

  • Action Item: Issue updated guidelines and instructions to relevant authorities and stakeholders.

SEZ Developers

  • Action Item: Review and adjust development plans and communicate with tenants and investors.

Investors

  • Action Item: Re-evaluate investment strategies and timelines based on the extended deadline.

Key Entities Referenced

Ministry of Commerce and Industry: The ministry responsible for issuing the notification and overseeing the Special Economic Zones. Special Economic Zones Act, 2005: The primary legislation that empowers the Central Government to make rules for SEZs. Special Economic Zones Rules, 2006: The set of rules that govern the operations of SEZs, which is being amended by this notification. Rule 43A of the Special Economic Zones Rules, 2006: The specific rule that is being amended by this notification, pertaining to a deadline now extended to December 31, 2027.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31122024-259751 CG-DxLx-xEG-I3D1H1x2x2x0 24-259751 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.ं 724] नई दिल्ली, बृहस्ट्पजतवार, दिसम्ब र 26, 2024/पौष 5, 1946 No. 724] NEW DELHI, THURSDAY, DECEMBER 26, 2024/PAUSHA 5, 1946 वाजणज्य और उद्योग मंत्रालय (वाजणज्य जवभाग) अजधसूचना नई दिल्ली, 26 दिसम् बर, 2024 सा.का.जन. 786(अ). – केन्िीय सरकार, जविेष आर्थिक क्षेत्र अजधजनयम, 2005 (2005 का 28) की धारा 55 द्वारा प्रित्त िजियों का प्रयोग करते हुए, जविषे आर्थिक क्षेत्र जनयम, 2006 का और संिोधन करन े के जलए, जनम्नजलजखत जनयम बनाती ह,ै अथाति ्: - 1. (1) इन जनयमों का संजक्षप्त नाम जविेष आर्थिक क्षेत्र (पांचवा संिोधन) जनयम, 2024 ह।ै (2) ये रािपत्र में उनके प्रकािन की तारीख को प्रवृत होंगे। 2. जविेष आर्थिक क्षेत्र जनयम, 2006 के जनयम 43क के उप-जनयम (3) में ‘‘31 दिसंबर, 2024’’, िब्िों ओर अंकों के स्ट्थान पर, ‘’31 दिसबं र, 2027’’, िब्ि और अंक रखे िाएंगे। [फा. सं के-43013(12)/1/2021-एसईिेड] जवमल आनंि संयुि सजचव 8343 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] टिप्पण: मूल जनयम, भारत के रािपत्र, असाधारण, भाग-2, खंड 3, उपखंड (i) में अजधसूचना संखयांक सा.का.जन. 54 (अ), तारीख 10 फरवरी, 2006 द्वारा प्रकाजित दकए गए थे और अंजतम बार अजधसूचना संखयांक सा.का.जन. 338(अ), तारीख 20 िून, 2024 द्वारा संिोजधत दकया गया था। MINISTRY OF COMMERCE AND INDUSTRY (DEPARTMENT OF COMMERCE) NOTIFICATION New Delhi, the 26th December, 2024 G.S.R. 786(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 (Fifth Amendment) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Special Economic Zones Rules, 2006, in rule 43A, in sub-rule (3), for the words and figures “31st December, 2024” the words and figures “31st December, 2027”, shall be substituted. [F.No. K-43013(12)/1/2021-SEZ] 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 last amended, vide notification number G.S.R 338 (E), dated the 20th June, 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.

Continue your research

Related Documents from Ministry of Commerce and Industry