Budget to be presented on 16th March    FM issues Advisory to CESTAT to ensure that orders are issued by Benches on conclusion of arguments and in complicated matters orders should be issued within 30 days    Madras High Court stays levy of service tax on lawyers    economic growth slows to 6.9 per cent   Sunil Kumar appointed as Chief Secretary of Chattisgarh    Amarchand Mangaldas to open offices in Chennai Ahmedabad & Pune    US closes its embassy in Syria    Sudha Sharma appointed as Member of CBDT    Rupee hits a high of 48.73 against Dollar   Laxman Das is Officiating Chairman of CBDT    Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10   Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3    Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi    HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of   2010 clearly brings within the fold of taxable service a construction  service provided by the builder to a buyer where there is an intended sale  between the parties whether before, during or after construction    Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff      Anti dumping duty imposed on import of Morpholine from China European Union & USA     Anti dumping duty imposed on import of  Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from      Refund of Anti­-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5     Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6     Safeguard duty at the rate of 10% ad  valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1     Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked    Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver     Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3     Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007  originating in, or exported from, China-CustomsTariff Notification No. 2     Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from,  China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3   Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4    Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5    Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7    Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business    ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income  and not Capital Gains   HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings      Anti-dumping duty on ‘Caustic Soda’,  originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1    Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1     Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127     deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128   deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123  deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125      Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52      Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113      Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111     CBEC specifies documents required for Registration of ServiceTax     Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106     Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24

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Form - B

(FORMAT FOR LETTER OF APPROVAL FOR SEZ DEVELOPER)

(See rule 6)

No. -EPZ

Government of India

Ministry of Commerce & Industry

Department of Commerce

(SEZ Section)

Dated the

To

_____________________

_____________________

_____________________

Subject: - Setting up of Special Economic Zone at____________________

Reference: - Your proposal/s No. __________ dated __________

Sir(s),

With reference to your above mentioned application, Government of India is pleased to approve your

proposal for development, operation and maintenance of the Special Economic Zone (SEZ) at village -------------

-----------------, District ------------------ in the State of ----------------------, as per details given below:-

I PROPOSAL and PROJECT DETAILS:- To set up a Special Economic Zone for multi-product or a

Special Economic Zone for specific sector over an area of ----------- at ------------- (Place, District and Name of

the State).

II. DEVELOPER: - -----------------------------------------(Name of the developer)

III General Conditions:

(i) The Developer shall develop, operate and maintain the Special Economic Zone in terms of the

Special Economic Zones Act, 2005 and the rules made there-under.

(ii) The Developer shall execute Bond-cum-Legal Undertaking as required under rules 12 and 22 of

the Special Economic Zone Rules, 2006 for the authorised operations.

(iii) The Developer shall obtain the required approval from various statutory authorities under

relevant statutes and regulations of the Government of India and the State Government and local

bodies.

(iv) The Developer shall make adequate provision for rehabilitation of the displaced persons.

(v) The project shall be implemented and operated in terms of the Special Economic Zones Act,

2005 and the rules and orders made there-under.

(vi) The Developer shall conform to the environmental requirements.

(vii) The Developer shall abide by the local laws, rules, regulations or bye-laws in regard to area

planning, sewerage disposal, pollution control, labour laws and the like as may be locally

applicable.

(viii) The Developer shall raise the required funds for the project. External commercial borrowing, if

any, will be as per the guidelines of the Ministry of Finance, Department of Economic Affairs,

Government of India, New Delhi.

(ix) This approval is valid for a period of three years within which time the Developer shall

implement the project. The project implementation progress report will be submitted to

Government of India every six months.

(x) This approval is liable to be suspended in case of violation of any of the terms and conditions

stipulated herein.

(xi) The operation and maintenance of the facilities will be made as per the standards specified in the

proposal and to the satisfaction of the users.

(xii) The Developer shall maintain adequate manpower to provide the facilities.

(xiii) The user charges will be finalized in consultation with the Development Commissioner and the

users. This shall be subject to revision as per the agreed terms.

(xiv) The Developer shall obtain the approval of Board for specific activities proposed to be

undertaken for development, operation and maintenance of Special Economic Zone. Based on

the activities approved by the Board, the Developer shall be entitled for duty free import or

domestic procurement of goods for the approved activities under rules 10 after the Special

Economic Zone has been notified.

(xv) The authorized operations shall be carried out in terms of the parameters laid down in the

Special Economic Zones Act, 2005 and the Rules and orders made there-under and in

accordance with the proposal approved herein.

(xvi) No duty free goods shall be available for personal use of, or consumption by officials, workers,

staff or owners of the Unit or Developer.

(xvii) Normally, no extension of validity period of three years for implementation of the project will be

considered. Any request, however, may be considered by the Board, on merits. Such request

shall be submitted to the Government six months before expiry of the approval period.

2. This approval shall be also subject to other conditions as approved by the Board as given in the Annexure

to this letter.

3. The Developer may convey acceptance of all the terms and conditions indicated above within thirty days

from the date of issue of this letter. All future correspondence may be addressed to the Deputy Secretary (SEZ),

Department of Commerce, Udyog Bhavan, New Delhi-11.

4. The Developer may send exact details of the area along with a map indicating the Special Economic Zone

area certified by the District Revenue Authorities for notification in the Gazette of India.

5. The Developer shall furnish to the Development Commissioner, ----------- Special Economic Zone

returns on import, procurement and utilization of goods, as provided for under the Special Economic Zone

Rules, 2006.

Yours faithfully,

Deputy Secretary/Director

Department of Commerce

 

 

 

 

 

 

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