Bare Act Search Results

Special Economic Zones Act, 2005 Chapter II

Title: Establishment of Special Economic Zone

State: Central

Year: 2005

.....Economic Zone may be established under this Act, either jointly or severally by the Central Government, State Government, or any person for manufacture of goods or rendering services or for both or as a Free Trade and Warehousing Zone. (2) Any person, who intends to set up a Special Economic Zone, may, after identifying the area, make a proposal to the State Government concerned for the purpose of setting up the Special Economic Zone. (3) Notwithstanding anything contained in sub-section (2), any person, who intends to set up a Special Economic Zone, may, after identifying the area, at his option, make a proposal directly to the Board for the purpose of setting up the Special Economic Zone: Provided that where such a proposal has been received directly from a person under this sub-section, the Board may grant approval and after receipt of such approval, the person concerned shall obtain the concurrence of the State Government within the period, as may be prescribed. (4) In case a State Government intends to set up a Special Economic Zone, it may after identifying the area, forward the proposal directly to the Board for the purpose of setting up the Special Economic.....

Special Economic Zones Act, 2005 Section 5

Title: Guidelines for Notifying Special Economic Zone

State: Central

Year: 2005

The Central Government, while notifying any area as a Special Economic Zone or an additional area to be included in the Special Economic Zone and discharging its functions under this Act, shall be guided by the following, namely:-- (a) generation of additional economic activity; (b) promotion of exports of goods and services; (c) promotion of investment from domestic and foreign sources; (d) creation of employment opportunities; (e) development of infrastructure facilities; and (f) maintenance of sovereignty and integrity of India, the security of the State and friendly relations with foreign States.

The Special Economic Zones Act, 2005 Complete Act

State: Central

Year: 2005

.....Economic Zones may be demarcated by the Central Government or any authority specified by it as" (a) the processing area for setting up Units for activities, being the manufacture of goods, or rendering services; or (b) the area exclusively for trading or warehousing purposes; or (c) the non-processing areas for activities other than those specified under clause (a) or clause (b). SECTION 07: EXEMPTION FROM TAXES, DUTIES OR CESS Any goods or services exported out of, or imported into, or procured from the Domestic Tariff Area by," (i) a Unit in a Special Economic Zone; or (ii) a Developer, shall, subject to such terms, conditions and limitations, as may be prescribed, be exempt from the payment of taxes, duties or cess under all enactments specified in the First Schedule. COMMENTS Any goods or services exported out of, or imported into, or procured from the Domestic Tariff Area by a Unit in a Special Economic Zone, or a Developer shall be exempt from the payment of taxes, duties or cess subject to prescribed terms, conditions and limitations. CHAPTER III CONSTITUTION OF BOARD OF APPROVAL SECTION 08: CONSTITUTION OF BOARD OF APPROVAL (1) The Central Government shall, within.....

Tamil Nadu Special Economic Zones (Special Provisions) Act, 2005 Complete Act

State: Tamil Nadu

Year: 2005

.....under this Act; (e) "Special Economic Zone" means a Special Economic Zone as defined in clause (za) of Section 2 of the Special Economic Zones Act, 2005 (Central Act 28 of 2005). (f) all other words and expressions used and not defined in this Act but defined in the Special Economic Zones Act, 2005 (Central Act 28 of 2005) shall have the meanings respectively assigned to them in that Act. 3. Guidelines to recommend proposal to establish Special Economic Zone. " The Government while forwarding the proposal to establish a Special Economic Zone with their recommendation to the Board shall be guided by the following, namely:" (a) generation of additional economic activity; (b) promotion of exports of goods and services; (c) promotion of investment from domestic and foreign services; (d) creation of employment opportunities; (e) development of infrastructure facilities; and (f) maintenance of sovereignty and integrity of India, the security of State and friendly relations with foreign State. 4. Additional functions of Approval Committee. " The Approval Committee may perform such additional functions as may be prescribed. 5. Single application form,.....

Special Economic Zones Act, 2005 Chapter VII

Title: Special Economic Zone Authority

State: Central

Year: 2005

.....to every Authority by way of grants and loans or such sums of money as that Government may think fit for being utilised for the purposes of this Act. Section 36 - Constitution of Fund and its application (1) There shall be established by every Authority a Fund to be called the.......... (the name of the Special Economic Zone concerned) Authority Fund and there shall be credited thereto-- (a) all sums of money, which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide to the Authority; (b) all grants or loans that may be made to the Authority under this Act; (c) all sums received on account of user or service charges or fees or rent for the use of properties belonging to the Authority; (d) all sums received by the Authority from such other sources as may be decided upon by the Central Government. (2) The Fund shall be applied for meeting-- (a) the salaries, allowances and other remuneration of the members, officers and other employees of the Authority; (b) the expenses of the Authority in the discharge of its functions under section 34; (c) the repayment of any loan; (d) the expenses on objects and for.....

Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976 Section 7

Title: Exclusive Economics Zone

State: Central

Year: 1976

.....for the time being in force in India or any part thereof to the exclusive economic zone or any part thereof; and (b) make such provisions as it may consider necessary for facilitating the enforcement of such enactment, and any enactment so extended shall have effect as if the exclusive economic zone or the part thereof to which it has been extended is a part of the territory of India. (8) The provisions of sub-section (7) of section 6 shall apply in relation to the laying or maintenance of submarine cables or pipelines on the seabed of the exclusive economic zone as they apply in relation to the laying or maintenance of submarine cables or pipelines on the seabed of the continental shelf. (9) In the exclusive economic zone and the air space over the zone, ships and aircraft of all States shall, subject to the exercise by India of its rights within the zone, enjoy freedom of navigation and overflight.

Unlawful Activities Prevention Act, 1967 (Central) Preamble 1

Title: Unlawful Activities (Prevention) Act, 1967

State: Central

Year: 1967

.....Council) Act, 1947 (43 of 1947)has made the Prevention and Suppression of Terrorism (Implementation of Security Council Resolutions) Order, 2007; And whereas it is considered necessary to give effect to the said Resolutions and the Order and to make special provisions for the prevention of, and for coping with, terrorist activities and for matters connected therewith or incidental thereto.] BE it enacted by Parliament in the Eighteenth Year of the Republic of India as follows :- ________________________ 1. Inserted vide The Unlawful Activities (Prevention) Amendment Act, 2004 2. Inserted vide The Unlawful Activities (Prevention) Amendment Act, 2008 [Act No. 35 of 2008]

Special Economic Zones Act, 2005 Section 3

Title: Procedure for Making Proposal to Establish Special Economic Zone

State: Central

Year: 2005

.....Economic Zone may be established under this Act, either jointly or severally by the Central Government, State Government, or any person for manufacture of goods or rendering services or for both or as a Free Trade and Warehousing Zone. (2) Any person, who intends to set up a Special Economic Zone, may, after identifying the area, make a proposal to the State Government concerned for the purpose of setting up the Special Economic Zone. (3) Notwithstanding anything contained in sub-section (2), any person, who intends to set up a Special Economic Zone, may, after identifying the area, at his option, make a proposal directly to the Board for the purpose of setting up the Special Economic Zone: Provided that where such a proposal has been received directly from a person under this sub-section, the Board may grant approval and after receipt of such approval, the person concerned shall obtain the concurrence of the State Government within the period, as may be prescribed. (4) In case a State Government intends to set up a Special Economic Zone, it may after identifying the area, forward the proposal directly to the Board for the purpose of setting up the Special Economic.....

Special Economic Zones Act, 2005 Section 10

Title: Suspension of Letter of Approval and Transfer of Special Economic Zone in Certain Cases

State: Central

Year: 2005

.....take effect. (6) Upon suspension of the letter of approval under sub-section (1), the Special Economic Zone of the Developer referred to in sub-section (5) shall vest in the Administrator under sub-section (2) for a period not exceeding one year or up to the date on which the letter of approval for such Special Economic Zone is transferred, whichever is earlier, in accordance with the provisions contained in sub-sections (7) and (9), as the case may be. (7) Where the Board has given notice for suspension of letter of approval under sub-section (5), the Developer may, after prior approval of the Board, transfer his letter of approval to any person who is found eligible by the Board for grant of such approval. (8) If at any time, it appears to the Board that the purpose of the order appointing the Administrator has been fulfilled or that for any reason it is undesirable that the order of appointment should remain in force, the Board may cancel the order and thereupon the Administrator shall be divested of the management of the Special Economic Zone which shall, unless otherwise directed by the Board, again vest in the person, being the Developer, in whom it was vested.....

Special Economic Zones Act, 2005 Chapter VI

Title: Special Fiscal Provisions for Special Economic Zones

State: Central

Year: 2005

.....duties or cess shall remain or continue to be provided in such Unit or Special Economic Zone. Section 29 - Transfer of ownership and removal of goods The transfer of ownership in any goods brought into, or produced or manufactured in, any Unit or Special Economic Zone or removal thereof from such Unit or Zone shall be allowed, subject to such terms and conditions as the Central Government may prescribe. Section 30 - Domestic clearance by Units Subject to the conditions specified in the rules made by the Central Government in this behalf,-- (a) any goods removed from a Special Economic Zone to the Domestic Tariff Area shall be chargeable to duties of customs including anti-dumping, countervailing and safeguard duties under the Customs Tariff Act, 1975(51 of 1975), where applicable, as leviable on such goods when imported; and (b) the rate of duty and tariff valuation, if any, applicable to goods removed from a Special Economic Zone shall be at the rate and tariff valuation in force as on the date of such removal, and where such date is not ascertainable, on the date of payment of duty.