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

WHEREAS Ms 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 from the Ministry of Commerce and Industry announces the rescission of a previous notification regarding a Multi-Product Special Economic Zone at Dronagiri, Navi Mumbai. Ms. Navi Mumbai SEZ Pvt. Ltd. had proposed the denotification of the entire area of 1223.6767 hectares. The rescission is effective from February 28, 2019, except for actions already taken or omitted before this date. Key Points / Main Content: * **Background:** * Ms. Navi Mumbai SEZ Pvt. Ltd. proposed to set up a sector-specific Special Economic Zone for Multi-Product at Dronagiri, Navi Mumbai, Maharashtra, under Section 3 of the Special Economic Zones Act, 2005. * Notification S.O. 1973(E) dated November 21, 2007, notified an area of 1223.6767 hectares for the Special Economic Zone. * **Denotification Proposal:** * Ms. Navi Mumbai SEZ Pvt. Ltd. proposed to denotify the entire area of 1223.6767 hectares of the Special Economic Zone. * The Government of Maharashtra provided a No Objection to the denotification proposal on February 20, 2019. * The Development Commissioner, SEEPZ-SEZ, recommended the proposal for denotification. * **Rescission of Notification:** * The Central Government rescinds Notification S.O. 1973(E) dated November 21, 2007, under the powers conferred by the Special Economic Zones Rules, 2006. * The rescission is effective from February 28, 2019, but does not apply to actions already taken or omitted before this date. Impact Analysis: Ms. Navi Mumbai SEZ Pvt. Ltd.: * Impact: The company's proposal to denotify the Multi-Product Special Economic Zone area is effectively approved through the rescission of the earlier notification. * Action Required: No specific action is outlined, but the company should take note that this denotification is in effect. State Government of Maharashtra: * Impact: The State Government's consent to the denotification has been recognized and acted upon by the Central Government. * Action Required: No specific action is required, but the State Government should take note that this denotification is in effect. Development Commissioner, SEEPZ-SEZ: * Impact: The Development Commissioner's recommendation for denotification has been accepted and implemented. * Action Required: No specific action is required, but the Development Commissioner should take note that this denotification is in effect. Ministry of Commerce and Industry: * Impact: The Ministry has executed the rescission of the notification as per the proposal and recommendations. * Action Required: Ensure proper recording and communication of the rescission.

Key Entities Referenced

Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Special Economic Zones Act, 2005: An Indian law providing the legal framework for the establishment and operation of Special Economic Zones in India. Special Economic Zone Rules 2006: The rules framed under the Special Economic Zones Act, 2005, providing detailed procedures and guidelines for SEZs. Navi Mumbai SEZ Pvt. Ltd.: The company that proposed to set up a sector-specific Special Economic Zone for Multi-Product Special Economic Zone. Maharashtra: The state in India where the proposed Special Economic Zone was to be located. Dronagiri, Navi Mumbai, Maharashtra: The specific location within Maharashtra where the Multi-Product Special Economic Zone was planned. Development Commissioner, SEEPZ-SEZ: The Development Commissioner of Santacruz Electronics Export Processing Zone Special Economic Zone who recommended the denotification proposal. B.B. Swain: Additional Secretary in the Ministry of Commerce and Industry, signing the notification.
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