The SPECIAL ECONOMIC ZONES ACT, 2005

PRELIMINARY

Section 1 — Short title, extent and commencement.

(1) This Act may be called the Special Economic Zones Act, 2005.

(2) It extends to the whole of India.

(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Browse all 61 sections
  1. 1.Short title, extent and commencement.
  2. 2.Definitions.
  3. 3.Procedure for making proposal to establish Special Economic Zone.
  4. 4.Establishment of Special Economic Zone and approval and authorisation to operate it to, Developer.
  5. 5.Guidelines for notifying Special Economic Zone.
  6. 6.Processing and non-processing areas.
  7. 7.Exemption from taxes, duties or cess.
  8. 8.Constitution of Board of Approval.
  9. 9.Duties, Powers and functions of Board.
  10. 10.Suspension of letter of approval and transfer of Special Economic Zone in certain cases.
  11. 11.Development Commissioner.
  12. 12.Functions of Development Commissioner.
  13. 13.Constitution of Approval Committee.
  14. 14.Powers and functions of Approval Committee.
  15. 15.Setting up of Unit.
  16. 16.Cancellation of letter of approval to entrepreneur.
  17. 17.Setting up and operation of Offshore Banking Unit.
  18. 18.Setting up of International Financial Services Centre.
  19. 19.Single application form, return, etc.
  20. 20.Agency to inspect.
  21. 21.Single enforcement officer or agency for notified offences.
  22. 22.Investigation, inspection, search or seizure.
  23. 23.Designated Courts to try suits and notified offences.
  24. 24.Appeal to High Court.
  25. 25.Offences by companies.
  26. 26.Exemptions, drawbacks and concessions to every Developer and entrepreneur.
  27. 27.Provisions of Income-tax Act, 1961 to apply with certain modification in relation to Developers and entrepreneurs.
  28. 28.Duration of goods or services in Special Economic Zones.
  29. 29.Transfer of ownership and removal of goods.
  30. 30.Domestic clearance by Units.
  31. 31.Constitution of Authority.
  32. 32.Officers of Authority and other staff.
  33. 33.Special provision for transfer of officers or other employees to Authority.
  34. 34.Functions of Authority.
  35. 35.Grants and loans by Central Government.
  36. 36.Constitution of Fund and its application.
  37. 37.Accounts and audit.
  38. 38.Directions by Central Government.
  39. 39.Returns and reports.
  40. 40.Power to supersede Authority.
  41. 41.Members, officers and other employees of Authority to be public servants.
  42. 42.Reference of dispute.
  43. 43.Limitation.
  44. 44.Applicability of provisions of this Act to existing Special Economic Zones.
  45. 45.Person to whom a communication may be sent under this Act.
  46. 46.Identity Card.
  47. 47.Authorities responsible for administration.
  48. 48.Protection of action taken in good faith.
  49. 49.Power to modify provisions of this Act or other enactments in relation to Special Economic Zones.
  50. 50.Power of State Government to grant exemption.
  51. 51.Act to have overriding effect.
  52. 52.Certain provisions not to apply.
  53. 53.Special Economic Zones to be ports, airports, inland container depots, land stations, etc., in certain cases.
  54. 54.Amendment to First Schedule.
  55. 55.Power to make rules.
  56. 56.Power to remove difficulties.
  57. 57.Amendment of certain enactments.
  58. 58.Savings.
  59. SCH-THE FIRST SCHEDULE.THE FIRST SCHEDULE
  60. SCH-THE SECOND SCHEDULE.THE SECOND SCHEDULE
  61. SCH-THE THIRD SCHEDULE.THE THIRD SCHEDULE