Bare Act Search Results

Special Economic Zones Act, 2005 Section 26

Title: Exemption, Drawbacks and Concession to Every Developer and Entrepreneur

State: Central

Year: 2005

.....to carry on the authorised operations by the Developer or entrepreneur; (e) exemption from service tax under Chapter V of the Finance Act, 1994(32 of 1994) on taxable services provided to a Developer or Unit to carry on the authorised operations in a Special Economic Zone; (f) exemption from the securities transaction tax leviable under section 98 of the Finance (No. 2) Act, 2004(23 of 2004) in case the taxable securities transactions are entered into by a non-resident through the International Financial Services Centre; (g) exemption from the levy of taxes on the sale or purchase of goods other than newspapers under the Central Sales Tax Act, 1956(74 of 1956) if such goods are meant to carry on the authorised operations by the Developer or entrepreneur. (2) The Central Government may prescribe, the manner in which, and, the terms and conditions subject to which, the exemptions, concessions, drawback or other benefits shall be granted to the Developer or entrepreneur under sub-section (1).

Special Economic Zones Act, 2005 Section 16

Title: Cancellation of Letter of Approval to Entrepreneur

State: Central

Year: 2005

.....the exemption, concession, drawback and any other benefit availed by him in respect of the capital goods, finished goods lying in stock and unutilised raw materials relatable to his Unit, in such manner as may be prescribed. (4) Any person aggrieved by an order of the Approval Committee made under sub-section (1), may prefer an appeal to the Board within such time as may be prescribed. (5) No appeal shall be admitted if it is preferred after the expiry of the time prescribed therefor: Provided that an appeal may be admitted after the expiry of the period prescribed therefor if the appellant satisfies the Board that he had sufficient cause for not preferring the appeal within the prescribed time. (6) Every appeal made under sub-section (4) shall be in such form and shall be accompanied by a copy of the order appealed against and by such fees as may be prescribed. (7) The procedure for disposing of an appeal shall be such as may be prescribed: Provided that before disposing of an appeal, the appellant shall be given a reasonable opportunity of being heard.

Special Economic Zones Act, 2005 Section 27

Title: Provisions of Income-tax Act, 1961 to Apply with Certain Modification in Relation to Developers and Entrepreneurs

State: Central

Year: 2005

The provisions of the Income-tax Act, 1961(43 of 1961), as in force for the time being, shall apply to, or in relation to, the Developer or entrepreneur for carrying on the authorised operations in a Special Economic Zone or Unit subject to the modifications specified in the Second Schedule.

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.....

Karnataka Industries (Facilitation) Act, 2002 Chapter 2

State: Karnataka

Year: 2002

.....the required clearance within the stipulated time subject to compliances by the entrepreneurs with the provisions of the applicable Central or State Acts or rules made thereunder. Section 9 - District level Single Window Clearance Committee (1) The State Government, may, by notification constitute a single point clearance committee at the district level called the District Level Single Window Clearance Committee consisting of such members, as may be prescribed. The District Level Single Window Clearance Committee shall examine and consider proposal received from entrepreneurs relating to industrial projects with the investment of upto rupees three crores each to be set up in the respective districts. (2) A member of the Committee shall attend the meetings personally and in case he is unable to attend the meeting he may depute a senior level officer with the written authorisation to take appropriate decision in the meeting. Section 10 - Functions of the Committee (1) The District Level Single Window Clearance Committee shall meet at such times and such places and shall adopt such procedures to transact its business as may be prescribed. (2) The District Level Single.....

The Sikkim Industrial Promotion & Incentive (Amendment) Act, 2003 Complete Act

State: Sikkim

Year: 2003

.....means separately identifiable investment made by an existing industrial unit in the fixed capital assets to set up a project for manufacturing of new products (s) provided that the additional investment in the fixed assets is not less than 25% of the gross fixed capital and increase of additional employment is at least by 10%. (ddd) "Expansion" of an industrial units means additional fixed unit. For the purpose of calculation, Gross value of all the capital investment made on land, building and plant machinery of the existing unit will be taken into consideration. Expansion shall also imply an increase of at least 25% in the existing installed capacity as well as increase of additional employment of at least by 10% . Prior to going for expansion, the units should be operating at least at a minimum of 80% capacity during the three previous years." (ii) after clause (e), the following clause shall be inserted, namely:- "(ee) "Modernization" means separately identifiable investment made by an existing industrial unit in the fixed capital technology having a definite advantage in reduction of cost of production provided that the additional investment in the fixed.....

The Orissa Industries (Facilitation) Act, 2004 Complete Act

State: Orissa

Year: 2004

THE ORISSA INDUSTRIES (FACILITATION) ACT, 2004 THE ORISSA INDUSTRIES (FACILITATION) ACT, 2004 Orissa Act 14 of 2004 [Received the assent of the Governor on the 24th December, 2004, first published in an Extraordinary issue of the Orissa Gazette, dated the 31st December, 2004 (No. 1857)] An act to provide for the constitution of clearance authorities at the district and state level for scrutiny, consideration and final disposal of the applications of the entrepreneurs proposing to start industries in the state and for matters connected therewith or incidental thereto. Be it enacted by the Legislature of the State of Orissa in the Fifty-fifth Year of the Republic of India as follows:- CHAPTER I PRELIMINARY 1. Short title, extent and commencement. (1) This Act may be called the Orissa Industries (Facilitation) Act, 2004. (2) It shall extend to the whole of the State of Orissa. (3) It shall come into force at once. 2. Definitions. In this Act unless the context otherwise requires," (a) 'Authority' means any statutory body, Corporation or other Authority established by the Government, which are entrusted with the powers or responsibility to.....

Micro, Small and Medium Enterprises Development Act, 2006 Schedule II

Title: Second Schedule

State: Central

Year: 2006

.....Industries Centre shall maintain record of all the Entrepreneurs Memorandum so filed in respect of medium enterprises engaged in production/manufacturing of products and forward one copy each of the Entrepreneurs Memorandum with EM number allotted to Small Industries Service Institutes of their State/Jurisdiction and to Joint Development Commissioner (MSME Pol.) in the Office of the Development Commissioner (Small Scale Industries). 7. The form of Memorandum is in two parts. Any person who intends to establish a micro, small or medium enterprise engaged in providing or rendering of services may file or those who want to establish medium enterprise engaged in the production or manufacture of products shall file Part 1 of the Entrepreneurs Memorandum to District Industries Centre. 8. Once the above enterprises start production or start providing or rendering services, they should file Part II of the Entrepreneurs Memorandum to District Industries Centre. 9. In case of non-filing of Part II of the Entrepreneurs Memorandum within two years of the filing of Part I, the Memorandum (Part I) filed by the entrepreneur will become invalid. 10. In case of change in the.....

Micro, Small and Medium Enterprises Development Act, 2006 Schedule I

Title: First Schedule

State: Central

Year: 2006

..... 10. WHETHER THE UNIT IS REGISTERED UNDER FACTORY ACT (Under Section 2m(i)/2m(ii)-1, 85)I)/85(ii)-2, not registered -3) 11. TYPE OF ORGANIZATION [PROPRIETORY-1, HUF -2, PARTNERSHIP-3, CO-OPERATIVE -4, PVT. LTD. COMPANY -5, PUBLIC LIMITED COMPANY-6, SELF-HELP GROUP-7, OTHERS-8] 12. (a) MAIN MANUFACTURING/SERVICE ACTIVITY. NAME CODE (NIC 98*) (b) PRODUCTS TO BE MANUFACTURED/SERVICE TO BE PROVIDED. (i) NAME .....

Special Economic Zones Act, 2005 Chapter V

Title: Single Window Clearance

State: Central

Year: 2005

.....operation of Units; (c) prescribe a single form for furnishing returns or information by a Developer or an entrepreneur under one or more Central Acts. Section 20 - Agency to inspect Notwithstanding anything contained in any other law for the time being in force, the Central Government may, by notification, specify any officer or agency to carry out surveys or inspections for securing of compliance with the provisions of any Central Act by a Developer or an entrepreneur, as the case may be, and such officer or agency shall submit verification and compliance reports, in such manner and within such time as may be specified in the said notification. Section 21 - Single enforcement officer or agency for notified offences (1) The Central Government may, by notification, specify any act or omission made punishable under any Central Act, as notified offence for the purposes of this Act. (2) The Central Government may, by general or special order, authorise any officer or agency to be the enforcement officer or agency in respect of any notified offence or offences committed in a Special Economic Zone. (3) Every officer or agency authorised under sub-section (2) shall have.....