SEZ Rules Amendment - Explained
THE SEZ Rules were amended on 12th August 2013. (-13.08.2013). Now the Department of Commerce has issued clarifications explaining the changed rules.
The Department clarifies that the intent and purpose behind the said amendments is to address the challenges being faced by SEZ Developers and Units on the one hand, while creating a more investor friendly environment on the other. The amendments are a part of the SEZ reforms which aim to better achieve the objectives of the SEZ Policy viz. growth of economic activity, attracting investment, boosting exports and generating additional employment.
In order to facilitate better understanding of the amended Rules, the clarifications are issued:
The letter is addressed to the Chief Secretaries of the States and copies sent to all Development Commissioners, DG, Export Promotion and DG, EPC. Does it mean that they don't understand the Rules and the ordinary businessman needs no understanding?