The gazette notification introduces the Special Economic Zones (Amendment) Rules, 2024, which amends the Special Economic Zones Rules, 2006.
The amendment pertains to Rule 27(6) of the SEZ Rules, 2006, and allows for free of charge import from a foreign buyer and subsequent export to the same foreign buyer.
Key Changes
The Special Economic Zones Rules, 2006 are amended by inserting the phrase "or free of charge from foreign buyer and Export thereof to the same foreign buyer" after the word “Agencies” in sub-rule (6) of rule 27.
The amendment comes into effect from the date of its publication in the Official Gazette, which is February 12, 2024.
Impact Analysis
Suggested Action Items
The Department of Commerce should conduct awareness programs to educate stakeholders about the amended rules and their implications.
Impact on SEZ Units
SEZ units should update their internal processes and documentation to comply with the new provision.
Impact on Foreign Buyers
This may encourage foreign buyers to utilize Indian SEZs for value-added activities.
Impact on Government
The government may need to issue clarifications or guidelines to address any ambiguities in the interpretation of the amended rule.
Key Entities Referenced
Central Government: The authority issuing the notification and 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 and operation of Special Economic Zones in India. Section 55 of this act provides the power to make rules.
Special Economic Zones Rules, 2006: The rules framed under the Special Economic Zones Act, 2005, which provide detailed procedures and guidelines for the operation of SEZs.
Special Economic Zones (Amendment) Rules, 2024: The current amendment to the SEZ Rules, 2006.
Vipul Bansal, Jt. Secy.: The Joint Secretary who signed the notification on behalf of the Ministry of Commerce and Industry.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-12022024-251995
CG-DxLx-xEG-I1D2H0x2x2x0 24-251995
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 96] नई दिल्ली, सोमवार, फरवरी 12, 2024/माघ 23, 1945
No. 96] NEW DELHI, MONDAY, FEBRUARY 12, 2024/MAGHA 23, 1945
वाजणज्य और उद्योग मत्रं ालय
(वाजणज्य जवभाग)
अजधसचू ना
नई दिल्ली 5 फरवरी, 2024
सा.का.जन. 105(अ).—केन्द्रीय सरकार, जविेष आर्थिक क्षेत्र अजधजनयम, 2005 (2005 का 28) की धारा 55
द्वारा प्रित्त िजियों का प्रयोग करते हुए, जविेष आर्थिक क्षेत्र जनयम, 2006 का और संिोधन करन े के जलए, जनम्नजलजखत
जनयम बनाती ह,ै अथाित:् -
1. (1) इन जनयमों का संजक्षप्त नाम जविेष आर्थिक क्षेत्र (संिोधन) जनयम, 2024 ह।ै
(2) य ेरािपत्र म ेंउनके प्रकािन की तारीख से प्रवृत होंगे।
2. जविेष आर्थिक क्षेत्र जनयम, 2006 म,ें जनयम 27 के उप-जनयम (6) म,ें "अजभकरणों" िब्ि के पश्चात "या जविेिी क्रेता स े
जन:िुल्क और उसी जविेिी क्रेता को जनयाित" िब्ि अतं :स्ट्थाजपत दकए िाएंगे।
[फा. सं. डी. 12/4/2013-एसईिेड(पार्ि)]
जवपुल बंसल, संयुि सजचव
910 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
टर्प्पण : मलू जनयम भारत के रािपत्र, असाधारण, भाग- 2, खंड3, उप-खडं ( i ) म ेंअजधसूचना संख्या सा.का.जन. 54 (अ),
तारीख 10 फरवरी, 2006 के अधीन प्रकाजित दकये गये थ े और उनम ें अंजतम संिोधन की अजधसूचना संख्या सा.का.जन.
881 (अ) तारीख 6 दिसंबर, 2023 के अधीन दकया गया था।
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
NOTIFICATION
New Delhi the 5th February, 2024
G.S.R. 105(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 (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 sub-rule (6) of rule 27, after the word “Agencies” the words “or
free of charge from foreign buyer and Export thereof to the same foreign buyer” shall be inserted.
[F. No. D.12/4/2013-SEZ(pt)]
VIPUL BANSAL, 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 881 (E) dated the 6th December, 2023.
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