Check List for SEZ

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Chandra gets additional charge of Commerce Secretary ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26 Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings Articles of jewellery exempted from excise duty-Specified Railway 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Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19 Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24

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“A checklist in the following format may be submitted by the applicant in respect of all the proposals of SEZs, besides the existing requirement of submission of Form –A and project reports:

CHECK LIST FOR THE PROPOSALS TO BE TAKEN UP BY BOA

1. Name of the Developer.

2. Proposed area of the location of the SEZ.

3. Status of recommendation of the proposal by the State Government (if available).

4. Whether proposal is for formal or in-principle approval? (In case land is in possession of the promoter, it is considered for formal approval)

5. Is it a multi-product SEZ?

6. If it is a sector specific SEZ, the sector is.

7. Whether it meets the area requirements.

8. Area of the SEZ (in hectares)

9. Whether Form- A has been filed?

10. Whether undertaking and affidavit has been submitted?

11. Whether project report has been submitted?

12. Whether land is owned/leased and is in possession of the Developer?

13. Does the proposal meet the area requirements of the Rules?

14. Whether the land has existing structures or is vacant?

15. Whether the land is contiguous?

16. Projected investment in the project.

17. Projected exports from the project.

18. Projected employment from the project.

19. Share capital and Reserves of the Developer Company.

20. Source of funds for the project.

21. Audited Accounts of the Developer for last 3 Years (for all the constituents in case the Developer is a SPV). If the company is a new company, audited accounts of Flagship Company may be provided.

22. Extent of FDI

23. Source of FDI

24. Whether provisions contained in the Press Note No. 5 (2005 Series), issued by the Ministry of Commerce and Industry have been followed in respect of Telecom/IT SEZ development?

(Yogendra Garg)

Director

Tel: 2306 3434

E-mail: y.garg@nic.in