Home India Ministry of Commerce and Industry Publication of Notification regarding Amendment of Rule 21B ...
Date: 14-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

Publication of Notification regarding Amendment of Rule 21B in SEZ Rules 2006

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

What it means

  • The notification introduces the Special Economic Zones (Second Amendment) Rules, 2024, which amends the Special Economic Zones Rules, 2006.
  • The amendment expands the scope of rule 21B to include 'aircraft or ship leasing' instead of just 'aircraft leasing'.

Key Changes

  • The Special Economic Zones Rules, 2006 are amended.
  • Rule 21B of the Special Economic Zones Rules, 2006 is updated to replace the term 'aircraft leasing' with 'aircraft or ship leasing'.
  • The amendment comes into effect on the date of its publication in the Official Gazette, which is March 14, 2024.

Impact Analysis

Stakeholders

  • Regulatory bodies overseeing SEZs will need to ensure compliance with the amended rules.

Operational Impact

  • SEZ authorities need to update their operational guidelines to reflect the changes.

Suggested Action Items

  • Assess potential opportunities and challenges arising from the inclusion of ship leasing within SEZs.

Key Entities Referenced

Central Government: The entity issuing the notification and amending the Special Economic Zones Rules, 2006, under the powers conferred by section 55 of the Special Economic Zones Act, 2005. Ministry of Commerce and Industry (Department of Commerce): The ministry responsible for issuing the notification. Special Economic Zones Act, 2005: The Act that provides the Central Government with the authority to make rules for Special Economic Zones. Special Economic Zones Rules, 2006: The rules being amended by this notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-15032024-253026 CG-DxLx-xEG-I1D5H0x3x2x0 24-253026 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.ं 181] नई ददल्ली, बृहस्ट्प जतवार, माचच 14, 2024/फाल्ग नु 24, 1945 No. 181] NEW DELHI, THURSDAY, MARCH 14, 2024/PHALGUNA 24, 1945 वाजणज्य और उद्योग मत्रं ालय (वाजणज्य जवभाग) अजधसचू ना नई ददल्ली, 14 माचच, 2024 सा.का.जन. 194(अ).—केन्द्रीय सरकार जविेष आर्थथक क्षत्रे अजधजनयम, 2005 (2005 का 28) की धारा 55 द्वारा प्रदत्त िजियों का प्रयोग करत े हुए, जविेष आर्थथक क्षत्रे जनयम, 2006 का और संिोधन करने के जलए जनम्नजलजखत जनयम बनाती ह,ै अथाचत:् - 1. (1) इन जनयमों का संजक्षप्त नाम जविेष आर्थथक क्षेत्र (दसू रा संिोधन) जनयम, 2024 ह।ै (2) ये रािपत्र म ेंउनके प्रकािन की तारीख को प्रवृत होंगे। 2. जविेष आर्थथक क्षेत्र जनयम, 2006 म,ें जनयम 21ख म,ें "जवमान पट्टे" िब्द, िहां कहीं वे आते ह ैं , के स्ट्थान पर "जवमान या पोत पट्टे" िब्द रख ेिाएंगे। [फा. स.ं के-K-43013(12)/1/2022-एसईिेड] जवपुल बंसल, संयुि सजचव टिप्पण : मूल जनयम, भारत के रािपत्र, असाधारण, भाग- II, खंड 3, उप-खंड (i) में अजधसूचना सा.का.जन. संख्या 54 (अ), तारीख 10 फरवरी, 2006 के द्वारा प्रकाजित दकए गए थे और अजधसूचना सा.का.जन. संख्या 105(अ) तारीख 5 फरवरी, 2024 द्वारा अंजतम बार संिोजधत दकए गए । 1934 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 14th March, 2024 G.S.R. 194(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 (Second 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 21B, for the words “aircraft leasing”, wherever they occurs, the words “aircraft or ship leasing” shall be substituted. [F. No. K-43013(12)/1/2022-SEZ] 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. 105(E), dated the 5th February, 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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