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Core Purpose

Amendment under section 55 of the Special Economic Zones Act, 2005 to rule 27(6) of the Special Economic Zones Rules, 2006, permitting goods received free of charge from a foreign buyer to be exported back to the same buyer.

Detailed Summary

The Ministry of Commerce and Industry (Department of Commerce) issued G.S.R. 105(E) dated 5th February 2024, in exercise of powers under section 55 of the Special Economic Zones Act, 2005 (28 of 2005), notifying the Special Economic Zones (Amendment) Rules, 2024, effective from the date of publication in the Official Gazette; the amendment inserts, in sub-rule (6) of rule 27 of the Special Economic Zones Rules, 2006, after the word 'Agencies', the words 'or free of charge from foreign buyer and Export thereof to the same foreign buyer'; the notification records that the principal rules were published vide G.S.R. 54(E) dated 10th February 2006 and last amended vide G.S.R. 881(E) dated 6th December 2023, and is signed by Vipul Bansal, Joint Secretary, under F. No. D.12/4/2013-SEZ(pt).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-12022024-251995 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 96] NEW DELHI, MONDAY, FEBRUARY 12, 2024/MAGHA 23, 1945 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi the 5th February, 2024 G.S.R. 105(E). In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely: - 1. (1) These rules may be called the Special Economic Zones (Amendment) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Special Economic Zones Rules, 2006, In sub-rule (6) of rule 27, after the word "Agencies" the words "or free of charge from foreign buyer and Export thereof to the same foreign buyer” shall be inserted. [F. No. D.12/4/2013-SEZ(pt)] VIPUL BANSAL, Jt. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide notification number G.S.R 54(E), dated the 10th February, 2006 and lastly amended vide notification number G.S.R 881 (E) dated the 6th December, 2023. 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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