Home India Ministry of Commerce and Industry WHEREAS M s Navi Mumbai SEZ Pvt Ltd had proposed under secti...
Date: 2019-03-01 Category: Extra Ordinary State: Union Government Country: India

WHEREAS M s Navi Mumbai SEZ Pvt Ltd had 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 concerns the proposed denotification of a Multi-Services Special Economic Zone at Village Kalamboli, Navi Mumbai, Maharashtra. Ms. Navi Mumbai SEZ Pvt. Ltd. proposed the denotification of the entire area of 176.7080 hectares. The Central Government rescinds the original notification, with the exception of actions already taken or omitted before the rescission. Key Points / Main Content: * **Denotification Proposal:** * Ms. Navi Mumbai SEZ Pvt. Ltd. proposed to denotify the entire 176.7080 hectares of the Special Economic Zone. * **State Government Approval:** * The Government of Maharashtra issued a No Objection Certificate for the denotification proposal on February 20, 2019. * **Recommendation:** * The Development Commissioner, SEEPZ-SEZ, recommended the proposal for denotification. * **Central Government Action:** * The Central Government rescinds Notification Number S.O. 2132E dated 28th August, 2008. * The rescission does not apply to actions already completed or omitted before the date of the rescission. Impact Analysis: * Ms. Navi Mumbai SEZ Pvt. Ltd.: * Impact: The company's proposal to denotify the specified area has been approved, subject to exceptions for prior actions. * Action Required: Ensure compliance with the rescission terms regarding actions taken or omitted before the rescission date. * State Government of Maharashtra: * Impact: The State Government's No Objection to the denotification has been acknowledged in the rescission notification. * Action Required: No specific action is required as their consent has been considered. * Development Commissioner, SEEPZ-SEZ: * Impact: The Development Commissioner's recommendation for denotification was considered in the decision. * Action Required: No specific action is required. * Central Government: * Impact: Implementation of rescission. * Action Required: Enforce the rescission, with the stated exceptions. * Businesses/Entities within the SEZ: * Impact: Businesses operating within the SEZ may need to adjust their operations due to the denotification. * Action Required: Assess the impact of the denotification on their operations and plan accordingly.

Key Entities Referenced

Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. 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. Special Economic Zone Rules 2006: Rules framed by the Central Government of India in exercise of the powers conferred by sections 5, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28 and 31 read with sub-section (1) of section 51 of the Special Economic Zones Act, 2005. Navi Mumbai SEZ Pvt. Ltd.: A private limited company that proposed to set up a Multi-Services Special Economic Zone. Kalamboli, Maharashtra: A village in Navi Mumbai, Maharashtra, where the Multi-Services Special Economic Zone was proposed. Maharashtra: The state in India where the Special Economic Zone was proposed to be located. SEEPZ-SEZ: Santacruz Electronics Export Processing Zone - Special Economic Zone, a special economic zone in Mumbai, India. Its Development Commissioner recommended the denotification of the Navi Mumbai SEZ. B.B. Swain: Additional Secretary, Ministry of Commerce and Industry.
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