Rule, 2023

Text

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EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 264] NEW DELHI, MONDAY, MAY 1, 2023/VAISAKHA 11, 1945

MINISTRY OF COMMERCE AND INDUSTRY

(Department of Commerce)

NOTIFICATION

New Delhi, the 27th April, 2023

G.S.R. 334(E).—In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely: -

1. (1) These rules may be called the Special Economic Zones (Second Amendment) Rules, 2023.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Special Economic Zones Rules, 2006, for rule 53A, the following rule shall be substituted, namely: - ‘53A. Exemption.- Nothing contained in rule 53 shall apply to a Unit setup in an International Financial Service Centre providing financial service and regulated by the International Financial Services Centres Authority. Explanation. - For the purpose of this rule, "financial service" shall have the meaning as assigned to it in clause (e) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 and “International Financial Service Centre” shall have the meaning as assigned to it in clause (g) of sub-section (1) section 3 of that Act.’.

L SATYA SRINIVAS, Addl. Secy.

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide notification number

G.S.R 54(E), dated the 10th February, 2006 and lastly amended vide notification number

G.S.R. 125(E), dated the 23rd February, 2023.

and Published by the Controller of Publications, Delhi-110054. MANOJ KUMAR

VERMA

KUMAR VERMA

Provisions this rule answers to

Read out of the instrument itself: an enabling provision is one it says it was made under, which is the power it rests on. The rest it names without resting on.

Other instruments under the same Act

All of the The Special Economic Zones Act, 2005