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Core Purpose

Notification by the Department of Commerce, Ministry of Commerce and Industry, promulgating the Special Economic Zones (Second Amendment) Rules, 2024, amending Rule 21B of the Special Economic Zones Rules, 2006 to broaden 'aircraft leasing' to 'aircraft or ship leasing'.

Detailed Summary

By Notification G.S.R. 194(E) dated 14th March 2024, issued under section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Department of Commerce, Ministry of Commerce and Industry, makes the Special Economic Zones (Second Amendment) Rules, 2024, which came into force on the date of publication in the Official Gazette; the amendment substitutes, in Rule 21B of the Special Economic Zones Rules, 2006, the words 'aircraft leasing' wherever they occur with 'aircraft or ship leasing'; an explanatory note states that the principal rules were published vide notification G.S.R. 54(E) dated 10th February 2006 and were last amended vide notification G.S.R. 105(E) dated 5th February 2024; the notification bears File No. K-43013(12)/1/2022-SEZ and is signed by Vipul Bansal, Joint Secretary.

Full Text

1934 GI/202 4 (1) EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 181] NEW DELHI, THURSDAY , MARCH 14, 2024 /PHALGUNA 24, 1945 CG-DL-E-15032024-253026 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 14th March, 2024 G.S.R. 194(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 (Second Amendment) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Special Econo mic Zones Rules, 2006, in rule 21B, for the words “aircraft leasing”, wherever they occurs, the words “aircraft or ship leasing” shall be substituted. [F. No. K-43013(12)/1/2022 -SEZ] 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. 105(E), dated the 5th February, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Maya puri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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