Home India Ministry of Commerce and Industry WHEREAS M s Phoenix Ventures Private Limited has proposed un...
Date: 2017-08-22 Category: Extra Ordinary State: Union Government Country: India

WHEREAS M s Phoenix Ventures Private Limited has proposed under section 3 of the Special Economic Zones Act

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

Executive Summary: This notification pertains to the establishment of a Sector Specific Special Economic Zone for IT/ITES by Ms. Phoenix Ventures Private Limited in Telangana. The Central Government has approved the zone and is notifying it as a Special Economic Zone, constituting an Approval Committee, and appointing August 16, 2017, as the date from which the zone will be considered an Inland Container Depot. The notification is effective as of August 16, 2017. Key Points / Main Content: Special Economic Zone Notification: * An area of 2.39 hectares (5.93 acres) in Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, Telangana, is notified as a Special Economic Zone. * The survey numbers for the designated area are 35part (1.59 hectares) and 36 (0.80 hectares). Approval Committee Constitution: * An Approval Committee is constituted for the Special Economic Zone, as per Section 13 of the Special Economic Zones Act, 2005. * The committee consists of the Development Commissioner (Chairperson), representatives from the Ministry of Commerce and Industry, the Directorate General of Foreign Trade, Customs and Central Excise, Income Tax, the Ministry of Finance (Banking Division), State Government nominees, and a representative of the Zone's Developer (Special invitee). Inland Container Depot Appointment: * August 16, 2017, is appointed as the date from which the Special Economic Zone is deemed to be an Inland Container Depot under Section 7 of the Customs Act, 1962. Impact Analysis: Central Government: * Impact: Exercises powers under the Special Economic Zones Act, 2005 and the Customs Act, 1962, to notify the Special Economic Zone, constitute the Approval Committee, and designate the zone as an Inland Container Depot. Ms. Phoenix Ventures Private Limited (Developer): * Impact: Benefits from the establishment of a Special Economic Zone for IT/ITES. * Action Required: Participate as a special invitee in the Approval Committee. Approval Committee: * Impact: Responsible for the purposes of section 14 of the Special Economic Zones Act, 2005. * Action Required: Fulfill responsibilities as defined under Section 14 of the Special Economic Zones Act, 2005. Customs and Central Excise Department: * Impact: The Special Economic Zone is now also designated as an Inland Container Depot. * Action Required: Exercise jurisdiction over the zone as an Inland Container Depot from August 16, 2017. State Government of Telangana: * Impact: The establishment of a new Special Economic Zone within its jurisdiction. * Action Required: Nominate two officers (not below the rank of Joint Secretary) to the Approval Committee.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament to provide for the establishment, development and management of Special Economic Zones for the promotion of exports and for matters connected therewith or incidental thereto. Special Economic Zones Rules, 2006: Rules enacted in 2006 pertaining to the Special Economic Zones Act, 2005. Ms. Phoenix Ventures Private Limited: A private limited company that proposed to set up a Sector Specific Special Economic Zone for ITITES. Gachibowli Village, Telangana: A village in Serilingampally Mandal, Ranga Reddy District, in the State of Telangana, where the Sector Specific Special Economic Zone is proposed to be set up. ITITES: Information Technology and Information Technology Enabled Services. The sector for which the Special Economic Zone is proposed. Customs Act, 1962: An act to consolidate and amend the law relating to customs. Approval Committee: A committee constituted under the Special Economic Zones Act, 2005 to oversee the Special Economic Zone. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry.
Official Source Record View Original Source →
See Full Document Text
REGD. NO. D. L.-33004/99 EXTRAORDINARY II— — (ii) PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY 2397] No. 2397] NEW DELHI, TUESDAY, AUGUST 22, 2017/SRAVANA 31, 1939 वाणिज्य एव ंउद्योग मत्रं ालय (वाणिज्य णवभाग) अणिसचू ना नई दिल्ली, 16 अगस्त, 2017 का.आ. 2736(अ).—यत:, मै. फीणनक्स वैंचस स प्राइवेट णलणमटेड, न े तले गं ाना राज्य के गाणचबॉवली गााँव, सैररललंगमपल्ली मंडल, णिला रंगारैड्डी में सूचना प्रौद्योणगकी एवं सूचना प्रौद्योणगकी समर्थसत सेवाओं के णलए एक क्षेत्र णवणिष्ट णविेष आर्थसक िोन की स्थापना हते ु णविेष आर्थसक िोन अणिणनयम, 2005 (2005 का 28) (णिसे एतद्पश्चात उक्त अणिणनयम कहा गया ह ै) की िारा 3 के अंतगसत प्रस्ताव दकया है; और यत:, केन्द्र सरकार इस बात से संतुष्ट ह ै दक उक्त अणिणनयम की िारा 3 की उप-िारा (8) के अंतगसत अपेक्षाओं तथा अन्द्य संबंणित अपेक्षाओं को पूरा कर णलया गया ह ै और उसने उपयक्तुस णविेष आर्थकस िोन के णवकास, प्रचालन एवं रखरखाव हते ु उक्त अणिणनयम की िारा 3 की उप-िारा (10) के अंतगसत दिनांक 26 अप्रले , 2017 को अनुमोिन पत्र प्रिान कर दिया ह;ै अत:, अब, णविेष आर्थसक िोन अणिणनयम, 2005 की िारा 4 की उप-िारा (1) द्वारा प्रित्त िणक्तयों का प्रयोग करत े हुए और णविेष आर्थसक िोन अणिणनयम, 2006 के णनयम 8 के अनुसरि म ें केन्द्र सरकार, एतद्द्वारा उपयक्तुस स्थान के 2.39 हक्े टेयर (5.93 एकड़) के नीच े िी गई ताणलका म ें दिए गए खसरा नंबर के क्षेत्र को णविेष आर्थसक िोन के रूप में अणिसूणचत करती ह,ै अथासत:— ताणलका क्रं.स. गावाँ का नाम खसरा सख्ं या क्षत्रे फल (हक्े टेयर म)ें 1. गाणचबॉवली 35/पाटस 1.59 2. 36 0.80 कुल 2.39 5221 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] और अत: णविेष आर्थसक िोन अणिणनयम, 2005 (2005 का 28) की िारा 13 की उप-िारा (1) द्वारा प्रित्त िणक्तयों का प्रयोग करत े हुए, केन्द्र सरकार एति्द्वारा उक्त अणिणनयम की िारा 14 के प्रयोिनाथस उपयुसक्त णविेष आर्थसक िोन के णलए एक सणमणत, णिसे अनुमोिन सणमणत कहा िाएगा, गरित करती ह,ै णिसके अध्यक्ष और सिस्य णनम्नानुसार ह,ैं अथासत:् — 1. णविेष आर्थसक िोन का णवकास आयक्तु अध्यक्ष, पिेन 2. णनिेिक अथवा उप-सणचव, भारत सरकार, वाणिज्य एव ं उद्योग मंत्रालय, वाणिज्य णवभाग सिस्य, पिेन या उसका नाणमती णिसका स्तर अवर सणचव, भारत सरकार से कम नहीं होगा 3. णविेष आर्थसक िोन पर भ-ू भागीय क्षेत्राणिकार रखने वाले क्षेत्रीय संयुक्त णविेि व्यापार सिस्य, पिेन महाणनिेिक 4. णविेष आर्थसक िोन पर भ-ू भागीय क्षेत्राणिकार रखने वाल े सीमािुल्क आयुक्त या केन्द्रीय सिस्य, पिेन उत्पाि िुल्क आयक्तु अथवा उनका नाणमती णिसका स्तर संयक्तु आयुक्त से कम नहीं होगा 5. णविेष आर्थसक िोन पर भ-ू भागीय क्षेत्राणिकार रखने वाले आयकर आयुक्त अथवा उसका सिस्य, पिेन नाणमती णिसका स्तर संयुक्त आयुक्त से कम नहीं होगा 6. णनिेिक (बैंककंग), णवत्त मंत्रालय, बैंदकग प्रभाग, भारत सरकार सिस्य, पिेन 7. राज्य सरकार द्वारा नाणमत दकए िाने वाल ेिो अणिकारी णिनका स्तर संयुक्त सणचव से कम सिस्य, पिेन नहीं होगा 8. िोन के णवकासकतास का प्रणतणनणि णविेष, आंमणत्रती और अत: णविेष आर्थसक िोन अणिणनयम, 2005 (2005 का 28) की िारा 53 की उप-िारा (2) द्वारा प्रित्त िणक्तयों का प्रयोग करते हुए केन्द्र सरकार एतद्द्वारा दिनांक 16 अगस्त, 2017 को उस तारीख के रूप म ें णनिासररत करती ह ै णिस तारीख स े उपयुसक्त णविषे आर्थसक िोन को सीमा-िुल्क अणिणनयम, 1962 (1962 का 52) की िारा 7 के अंतगसत अंतिेिीय कंटेनर णडपो माना िाएगा । [फा. सं. एफ.1/19/2017-एसईिेड] सुनील कुमार, अपर सणचव MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 16th August, 2017 S.O. 2736(E).—WHEREAS, M/s. Phoenix Ventures Private Limited 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 Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, in the State of Telangana; 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 26th April, 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 2.39 hectares (5.93 acres) area at above location with survey number given in the table below as a Special Economic Zone, namely:— Table S.No. Name of Village Survey No. Area (in hectares) 1. Gachibowli 35/part 1.59 2. 36 0.80 Total 2.39II (ii) 3 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 Commissioner 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 16th day of August, 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.1/19/2017-SEZ] SUNIL KUMAR, 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.

Continue your research