Home India Ministry of Commerce and Industry WHEREAS M s Information Technology Park Limited ITPL has pro...
Date: 2017-03-31 Category: Extra Ordinary State: Union Government Country: India

WHEREAS M s Information Technology Park Limited ITPL has proposed under section 3 of the Special Economic Zones Act

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification announces the establishment of a Sector Specific Special Economic Zone for Information Technology and Information Technology Enabled Services (IT/ITES) at Sadarmangala Village, Bengaluru, Karnataka, by Ms. Information Technology Park Limited. It also constitutes an Approval Committee for the zone and appoints March 30, 2017, as the date from which the zone is considered an Inland Container Depot. Key Points / Main Content: * **Establishment of Special Economic Zone:** * A Sector Specific Special Economic Zone for IT/ITES is established at Sadarmangala Village, Sadaramangala Industrial Area, Whitefield, Bengaluru, Karnataka. * The area notified as a Special Economic Zone is 1.51 hectares, specifically Survey No. 80 part in Sadarmangala village. * **Approval Committee Constitution:** * An Approval Committee is constituted for the Special Economic Zone. * The committee comprises the following members: * Development Commissioner of the Special Economic Zone (Chairperson, ex officio). * Director or Deputy Secretary, Ministry of Commerce and Industry (Member, ex officio). * Zonal Joint Director General of Foreign Trade (Member, ex officio). * Commissioner of Customs or Central Excise (Member, ex officio). * Commissioner of Income Tax (Member, ex officio). * Director Banking, Ministry of Finance, Banking Division (Member, ex officio). * Two officers nominated by the State Government (Members, ex officio). * Representative of the Zone's Developer (Special invitee). * **Inland Container Depot Designation:** * March 30, 2017, is designated as the date from which the Special Economic Zone will be considered an Inland Container Depot under Section 7 of the Customs Act, 1962. Impact Analysis: * **Ms. Information Technology Park Limited (ITPL):** * *Impact:* Responsible for the development, operation, and maintenance of the established Special Economic Zone. * *Action Required:* Continue development, operation, and maintenance of the zone in accordance with the Special Economic Zones Act, 2005, and related regulations. * **Approval Committee:** * *Impact:* Responsible for overseeing and approving matters related to the Special Economic Zone. * *Action Required:* Perform duties as outlined in Section 14 of the Special Economic Zones Act, 2005. * **Central Government (Various Ministries/Departments):** * *Impact:* Responsible for the overall administration and regulation of the Special Economic Zone. * *Action Required:* Ensure compliance with the Special Economic Zones Act, 2005, and related rules. * **State Government of Karnataka:** * *Impact:* Affected by the establishment of the Special Economic Zone within its jurisdiction. * *Action Required:* Nominate two officers (not below the rank of Joint Secretary) to serve on the Approval Committee. * **Customs and Excise Department:** * *Impact:* The Special Economic Zone is now designated as an Inland Container Depot. * *Action Required:* Treat the zone as an Inland Container Depot for customs purposes from March 30, 2017, onwards.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament 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. Ms. Information Technology Park Limited (ITPL): A company that proposed to set up a Sector Specific Special Economic Zone for IT/ITES. Sadarmangala Village, Karnataka: The location in Karnataka where the Special Economic Zone is to be set up. Bengaluru, Karnataka: City in Karnataka, India, where the Special Economic Zone is located. Special Economic Zones Rules, 2006: Rules framed under the Special Economic Zones Act, 2005, to govern the functioning of SEZs. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Customs Act, 1962: An act to consolidate and amend the law relating to customs. Approval Committee: A committee constituted for the Special Economic Zone for the purposes of section 14 of the Special Economic Zones Act, 2005.
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Information Technology Park Limited (ITPL) has proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act), to set up a Sector Specific Special Economic Zone for IT/ITES at Sadarmangala Village, Sadaramangala Industrial Area, Whitefiled, Bengaluru, in the State of Karnataka; AND, WHEREAS, the Central Government is satisfied that requirements under sub-section (8) of section 3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-section (10) of section 3 of the said Act for development, operation and maintenance of the above sector specific Special Economic Zone on 5th January, 2017; NOW, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the Special Economic Zones Act, 2005 and in pursuance of rule 8 of the Special Economic Zones Rules, 2006, hereby notifies the 1.51 hectares area at above location with survey numbers given in the table below as a Special Economic Zone, namely: TABLE S. No. Name of Village Survey No. Area (in hectares) 1. Sadarmangala 80 (part) 1.51 Total 1.51 AND, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (1) of section 13 of the Special Economic Zones Act, 2005 (28 of 2005), hereby constitutes a Committee to be called the Approval Committee for the above Special Economic Zone for the purposes of section 14 of the said Act consisting of the following Chairperson and Members, namely:— 1. Development Commissioner of the Special Economic Zone Chairperson ex officio; 2. Director or Deputy Secretary to the Government of India, Ministry of Commerce and Member ex officio; Industry, Department of Commerce or his nominee not below the rank of Under Secretary to the Government of India 3. Zonal Joint Director General of Foreign Trade having territorial jurisdiction over the Member ex officio; Special Economic Zone 4. Commissioner of Customs or Central Excise having territorial jurisdiction over the Member ex officio; Special Economic Zone or his nominee not below the rank of Joint Commissioner¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3 5. Commissioner of Income Tax having territorial jurisdiction over the Special Member ex officio; Economic Zone or his nominee not below the rank of Joint Commissioner 6. Director (Banking) in the Ministry of Finance, Banking Division, Government of Member ex officio; India 7. Two officers, not below the rank of Joint Secretary, to be nominated by the State Member ex officio; Government 8. Representative of the Developer of the zone Special invitee AND, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (2) of section 53 of the Special Economic Zones Act, 2005 (28 of 2005), hereby appoints the 30th day of March, 2017 as the date from which the above Special Economic Zone shall be deemed to be Inland Container Depot under section 7 of the Customs Act, 1962 (52 of 1962). [F. No. F. 1/31/2016-SEZ] ALOK VARDHAN CHATURVEDI, Addl. Secy. 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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