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NEWS LETTER
DGFT
Foreign Trade Policy
Exim Policy (01/04/2003 to 31/08/2004)
Para 7.7
7.7
(a) Applications for setting up a unit in SEZ other than proposals for setting up of unit in the services sector (except
R & D
software and IT enabled services, trading or any other service activity as may be delegated by the BOA), shall be approved or rejected by the Units Approval Committee within 15 days as per procedure indicated in Annexure to Appendix 14-II of Handbook (Vol-I) . In other cases approval may be granted by the Board of Approval.
(In Paragraph 7.7(a) bold word has been inserted vide
NTF. No. 28/2003, DT. 28/01/2004
)
(b) Proposals for setting up units in SEZ requiring Industrial Licence may be granted approval by the Development Commissioner after clearance of the proposal by the SEZ Board of Approval and Department of Industrial Policy and Promotion within 45 days on merits.
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