If you are looking to avail the advantage of setting up business in SEZ, but are not aware of the all legal formalities or the procedures involved, then you need to contact the experts i.e. DHANANJAY& CO. Jain & Associates. We are considered amongst the reputed SEZ Registration Consultants in India. Our excellent Services for SEZ can be availed by all kinds of companies. To ensure a speedy and annoying free Special Economic Zone Registration, we are your best bet. If you are on the edge of establishing a new business, then why not settle for SEZ? The following points will provide you an insight into the advantages of SEZs and all other important information regarding them. To specifically know about how all this applies to your business, feel free to contact our team anytime.
In order to give a long term and stepolicy framework with minimum regulatory command and to provide prompt and single window clearance mechanism, the Special Economic Zones Act, 2005 has been brought into effect along with the Special Economic Zones Rules, 2006 from 10 February 2006.
The Act and the Rules together aim to provide a single self contained legislation governing the operations of SEZs and changes the hitherto applicable legislations and rules governing the processes of SEZ in India.ady
Under the Act, Special Economic Zone could be set up either jointly or severally by the Central Government, State Government, or any person (including a private or public limited company, partnership or proprietorship) for the following purposes:
The key role is envisaged by the SEZ Act 2005 for the State Governments in Export Promotion and creation of related infrastructure. A Single Window SEZ approval mechanism has been provided through a 19 member interministerial SEZ Board of Approval (BoA). The applications duly suggested by the respective State Governments/UT Administration are considered by this BoA from time to time. All decisions of the Board of approvals are with consensus.
PERFORMANCE : These SEZ policy provides for setting of SEZ’s in the public, private joint sector or by State Govts. It was also imagined that some of the existing Export Processing Zones would be converted into SEZs. Accordingly, Export Processing Zones located at Kandla and Surat (Gujarat), Cochin (Kerala), Santa Cruz ( Mumbai-Maharashtra), Falta ( West Bengal) , Madras( Tamil Nadu), Vishakhapatnam (Andhra Pradesh) and Noida (Uttar Pradesh) has been converted by the Government of India into SEZ.
In addition, approval for setting up of 42 SEZs has been given in various parts of the country in private/joint sectors or by the State Govt. Besides these, 3 new additional SEZs are approved for establishment at Indore (Madhya Pradesh), Manikanchan- Salt Lake (Kolkata) and Jaipur have since commended operations.
As on 31st March 2005, there are 811 units in operation in the 8 functional SEZs. Investment by the units in these Zones are of the order of Rs 18309 million. Employment to about 100650 persons are being provided by the SEZ units out of which 32185 are females.
Different minimum land requirement for different class of SEZs are being provided by the SEZ Rules. Every SEZ is divided into a processing area where alone the SEZ units would come up and the non-processing area where the supporting infrastructure is to be created.
CRITERIA FOR APPROVAL: Proposals for setting up SEZ in the Public/Private/Joint/State sector are required to meet the following conditions:
THE SEZ RULES PROVIDE FOR:
Proposal is submitted by the developers to the concerned State Government for establishment of SEZ. The State Government has to forward the proposal with its recommendation within 45 days from the date of receipt of such proposal to the Board of Approval. The applicant also has the option to submit the proposal directly to the Board of Approval.
The Central Government has constituted the Board of Approval in exercising of the powers conferred under the SEZ Act. All the decisions are taken in the Board of Approval by consensus. The Board of Approval has 19 Members.
SETTING UP OF SEZ BY DEVELOPER : Setting up of SEZ in the Public, Private, Joint Sector or by the State Govt. : With a view to enhance infrastructure facilities for export production it has been decided to permit the setting up of Special Economic Zones (SEZs) in the public, private, joint sector or by the State Govt. Size of SEZ should be minimum of 1000 hectares. Minimum area requirement shall, however, not be applicable to product specific and port/airport based SEZ. This measure is expected to promote self-contained areas supported by world-class infrastructure oriented towards export production. Any private /public/joint sector or State Govt. or its agencies can set up Special Economic Zone (SEZ)
SETTING UP OF SEZ ENTERPRISE : Facilities in Special Economic Zone Services rendered by us to public and private businesses and to individuals as well include: A new Special Economic Zone (SEZ) scheme has been introduced in the Export and Import policy from 1st April 2000, with a view to provide an internationally competitive & hassle free surrounding for export production.
APPROVAL OF NEW UNITS : Proposals for setting up units under EOU/SEZ scheme under automatic route shall be considered by the Unit Approval Committee taking into account the following :-
If it is necessary, the above may be certified through personal interview with the promoters of the project. The procedure of personal interview may be dispensed with in the event of the promoters being a well-established entity
The Unit Approval Committee shall meet on Monday, every week. In case of the absence of the Development Commissioner, the meeting will be held by the next senior officer in the Zone. The unit shall intimate the problems being faced by them in advance. In the meetings, apart from the promoters, the other concerned agency with which difficulties are being faced by the unit may also be called.
If the unit has ingots making facility and proposal to achieve value addition, then only the Recycling of ferrous and non-ferrous metal proposal will be considered
ADMINISTRATIVE SET UP
The functioning of the SEZs is governed by a three tier administrative set up. The Board of Approval is the apex body and is headed by the Secretary, Department of Commerce. The Approval Committee at the Zone level deals with approval of units in the SEZs and other related issues. Each Zone is headed by a Development Commissioner, who is ex-officio chairperson of the Approval Committee.
Once an SEZ has been approved by the Board of Approval and Central Government has notified the area of the SEZ, units are allowed to be set up in the SEZ. Approval Committee consisting of Development Commissioner, Customs Authorities and representatives of State Government have approved all the proposals for setting up of units in the SEZ at the Zone level. All post approval clearances including grant of importer exporter code number, change in the name of the company or implementing agency, broad banding diversification, etc. are given at the Zone level by the Development Commissioner. The performance of the SEZ units are monitored from time to time by the Approval Committee and units are liable for penal action under the provision of Foreign Trade (Development and Regulation) Act, in case of violation of the conditions of the approval.
INCENTIVES AND FACILITIES OFFERED TO THE SEZS: The incentives and facilities offered to the units in SEZs for attracting investments into the SEZs, including foreign investment include:-
THE MAJOR INCENTIVES AND FACILITIES AVAILABLE TO SEZ DEVELOPERS INCLUDE:-
OTHER SEZ – FEATURES AND FACILITIES
TERMS AND CONDITIONS
What DHANANJAY& CO.Offers
We provide complete solutions to deal with the problems relating to Special Economic Zones. Our Special Economic Zone Consultancy gives expert assistance in all related matters to develop a business in such a zone. It ranges from registration formalities, development of a business in a SEZ, compliance with government regulations, provision of funding and, so on. We take care to properly guide the clients in setting up their establishments in a SEZ minus the hassles. Our experts ensure to provide step-by-step solutions for the needs of clients belonging to different sectors by providing finance as we have associations with the leading banks. Here our expertise lies in providing solutions for service areas related to assistance in Here, our dedicated team support ensures competitive and comprehensive service support is made available to the customers. We offer below mention services in this regard.
LITIGATION SUPPORT AND REPRESENTATIONS
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