PARA 7.1
(a) Special Economic Zone (SEZ) is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.
(b) Goods going into the SEZ area from DTA shall be treated as deemed exports and goods coming from the SEZ area into DTA shall be treated as if the goods are being imported.
(c) SEZ units may be set up for manufacture of goods and rendering of services, production, processing, assembling,trading, repair, remaking, reconditioning, re-engineering including making of gold/ silver/platinum jewellery and articles thereof or in connection therewith.
Units for generation/ distribution of power may also be set up in the SEZ’s.
(In Para 7.1 (c) bold sentence has been added vide
Ntf. No. 03(RE-02), Dt. 1/5/2002)