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The Special Economic Zones Act, 2005

Central

An Act 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.

Act number
28 of 2005
Ministry
Ministry of Commerce and Industry
Department
Department of Commerce
Enacted
23 Jun 2005

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

58 sections

  1. Section 1Short title, extent and commencement.
  2. Section 2Definitions.
  3. Section 3Procedure for making proposal to establish Special Economic Zone.
  4. Section 4Establishment of Special Economic Zone and approval and authorisation to operate it to, Developer.
  5. Section 5Guidelines for notifying Special Economic Zone.
  6. Section 6Processing and non-processing areas.
  7. Section 7Exemption from taxes, duties or cess.
  8. Section 8Constitution of Board of Approval.
  9. Section 9Duties, Powers and functions of Board.
  10. Section 10Suspension of letter of approval and transfer of Special Economic Zone in certain cases.
  11. Section 11Development Commissioner.
  12. Section 12Functions of Development Commissioner.
  13. Section 13Constitution of Approval Committee.
  14. Section 14Powers and functions of Approval Committee.
  15. Section 15Setting up of Unit.
  16. Section 16Cancellation of letter of approval to entrepreneur.
  17. Section 17Setting up and operation of Offshore Banking Unit.
  18. Section 18Setting up of International Financial Services Centre.
  19. Section 19Single application form, return, etc.
  20. Section 20Agency to inspect.
  21. Section 21Single enforcement officer or agency for notified offences.
  22. Section 22Investigation, inspection, search or seizure.
  23. Section 23Designated Courts to try suits and notified offences.
  24. Section 24Appeal to High Court.
  25. Section 25Offences by companies.
  26. Section 26Exemptions, drawbacks and concessions to every Developer and entrepreneur.
  27. Section 27Provisions of Income-tax Act, 1961 to apply with certain modification in relation to Developers and entrepreneurs.
  28. Section 28Duration of goods or services in Special Economic Zones.
  29. Section 29Transfer of ownership and removal of goods.
  30. Section 30Domestic clearance by Units.
  31. Section 31Constitution of Authority.
  32. Section 32Officers of Authority and other staff.
  33. Section 33Special provision for transfer of officers or other employees to Authority.
  34. Section 34Functions of Authority.
  35. Section 35Grants and loans by Central Government.
  36. Section 36Constitution of Fund and its application.
  37. Section 37Accounts and audit.
  38. Section 38Directions by Central Government.
  39. Section 39Returns and reports.
  40. Section 40Power to supersede Authority.
  41. Section 41Members, officers and other employees of Authority to be public servants.
  42. Section 42Reference of dispute.
  43. Section 43Limitation.
  44. Section 44Applicability of provisions of this Act to existing Special Economic Zones.
  45. Section 45Person to whom a communication may be sent under this Act.
  46. Section 46Identity Card.
  47. Section 47Authorities responsible for administration.
  48. Section 48Protection of action taken in good faith.
  49. Section 49Power to modify provisions of this Act or other enactments in relation to Special Economic Zones.
  50. Section 50Power of State Government to grant exemption.
  51. Section 51Act to have overriding effect.
  52. Section 52Certain provisions not to apply.
  53. Section 53Special Economic Zones to be ports, airports, inland container depots, land stations, etc., in certain cases.
  54. Section 54Amendment to First Schedule.
  55. Section 55Power to make rules.
  56. Section 56Power to remove difficulties.
  57. Section 57Amendment of certain enactments.
  58. Section 58Savings.