Home India Ministry of Commerce and Industry Whereas, M s Salitre Developers Private Ltd has proposed und...
Date: 2016-06-17 Category: Extra Ordinary State: Union Government Country: India

Whereas, M s Salitre Developers Private Ltd has proposed under section 3 of the Special Economic Zones Act, 2005

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 IT/ITES by Ms. Salitre Developers Private. Ltd. in Bangalore, Karnataka. It also constitutes an Approval Committee for the zone and appoints June 13, 2016, as the date from which the zone is deemed an Inland Container Depot. Key Points / Main Content: Special Economic Zone Notification: * A Sector Specific Special Economic Zone for IT/ITES is established for Ms. Salitre Developers Private. Ltd. * The zone is located at Outer Ring Road, Rachanahalli Village, Nagavara, District Bangalore, in the State of Karnataka. * The notified area is 4.05 hectares, with specific survey numbers listed in a table. 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's purpose is aligned with Section 14 of the said Act. * The committee includes the following members: * Development Commissioner of the Special Economic Zone (Chairperson). * Director or Deputy Secretary, Ministry of Commerce and Industry. * Zonal Joint Director General of Foreign Trade. * Commissioner of Customs or Central Excise. * Commissioner of Income Tax. * Director Banking, Ministry of Finance. * Two officers nominated by the State Government. * Representative of the Developer of the zone (Special invitee). Inland Container Depot Appointment: * June 13, 2016, is appointed as the date from which the Special Economic Zone is deemed an Inland Container Depot. * This appointment is made under Section 53 of the Special Economic Zones Act, 2005, and relates to Section 7 of the Customs Act, 1962. Impact Analysis: Ms. Salitre Developers Private. Ltd. Impact: The company's proposed Sector Specific Special Economic Zone for IT/ITES has been officially established. Action Required: To operate and maintain the Special Economic Zone according to the guidelines and regulations set forth in the Special Economic Zones Act, 2005, and other related rules. Approval Committee Members: Impact: They are now officially part of the Approval Committee for the Special Economic Zone. Action Required: To fulfill their duties and responsibilities as members of the Approval Committee, as defined in Section 14 of the Special Economic Zones Act, 2005. Central Government (Various Departments): Impact: Various departments such as the Ministry of Commerce and Industry, the Department of Revenue, and the Ministry of Finance are involved in overseeing and regulating the Special Economic Zone. Action Required: To coordinate and collaborate to ensure the effective operation and monitoring of the Special Economic Zone, in accordance with the Special Economic Zones Act, 2005, and other related rules. State Government of Karnataka: Impact: The State Government has a role in the Special Economic Zone through the nomination of two officers to the Approval Committee. Action Required: To nominate two officers, not below the rank of Joint Secretary, to the Approval Committee. Customs and Tax Authorities: Impact: The Special Economic Zone is now also designated as an Inland Container Depot. Action Required: Comply with the regulations and procedures related to Inland Container Depots under Section 7 of the Customs Act, 1962, from June 13, 2016.

Key Entities Referenced

Special Economic Zones Act, 2005: An Indian legislation concerning the establishment, development, and management of Special Economic Zones. Outer Ring Road, Rachanahalli Village, Nagavara, District Bangalore, Karnataka: Location of proposed Sector Specific Special Economic Zone for ITITES ITITES: Information Technology and Information Technology Enabled Services. Sector for which Special Economic Zone is being established Ms. Salitre Developers Private. Ltd.: Company proposing to set up a Sector Specific Special Economic Zone. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Special Economic Zones Rules, 2006: Rules pertaining to the Special Economic Zones Act, 2005. Customs Act, 1962: An Indian legislation concerning customs duties and regulations. Approval Committee: Committee constituted under the Special Economic Zones Act, 2005 for the Special Economic Zone
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O. 2137(E).— Whereas, M/s. Salitre Developers Private. Ltd. 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 Outer Ring Road, Rachanahalli Village, Nagavara, District- Bangalore, 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 21st April, 2016; 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 4.05 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. Rachanahalli, Nagavara 8/4P 0.19 2. 8/5P 0.27 3. 31/1P 0.07 4. 31/2P 0.07 5. 31/3P 0.08 6. 31/4P 0.23 7. 31/5P 0.27 8. 44/2P 0.39 9. 44/3P 0.83 10. 45/1P 0.48 11. 45/2P 0.87 12. 46/1P 0.06 13. 46/2P 0.05 14. 46/3P 0.08 15. 47/2B P 0.12 Total 4.054 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 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 Member ex officio; Commerce and 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 Member ex officio; over the Special Economic Zone 4. Commissioner of Customs or Central Excise having territorial jurisdiction Member ex officio; over the 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 Member ex officio; of India 7. Two officers, not below the rank of Joint Secretary, to be nominated by the Member ex officio; State 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 13th day of June, 2016 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.1/9/2016-SEZ] Dr. GURUPRASAD MOHAPATRA, Jt. 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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