Special Economic Zones Rules, 2006

Chapter 2
Procedure for establishment of Special Economic Zone

12.  Import  and procurement  of goods  by the Developer.-

(1)  The Developer may import  or ¹[procure goods and services] ^Old[procure goods]   from the Domestic Tariff Area, without payment of duty, taxes and cess for  the authorized operations, subject to the provisions contained in sub-rule (2) to (8).

(2)  The  Developer  shall  make  an  application,  after  obtaining  approval for the authorized  operation under  rule  9,  to  the  Development Commissioner along with the list of goods and services, including machinery, equipments and  construction  materials  required  for  the  authorized  operations,  duly certified by a Chartered Engineer for approval by the Approval Committee.

(3)  The  Developer  shall  declare  the  place of  storage of goods  within the Special Economic Zone to the Specified Officer:

Provided that in case the storage is outside the processing area but within  the Special  Economic  Zone,  such  storage  shall  comply with  such safeguards  as  may be  necessary for  the  purpose  and  approved by  the Specified Officer.

(4) The  goods  imported or procured from the  Domestic  Tariff Area by the Developer  for authorized  operations  shall be kept in a clearly demarcated area for inspection by the authorized officer before such goods are brought into use.

(5) The Developer shall execute a Bond-cum-Legal Undertaking in Form D, jointly  with  the  Development  Commissioner  and  Specified  Officer,  with regard  to  proper  accountal  and  utilization  of  goods  for  the  authorized operations within a period of one year or such period, as may be extended by the Specified Officer.

(6)   The   Developer   shall  maintain  a  proper  account  of  the  import  or procurement, consumption and utilization of goods ²[and services] and submit quarterly and half-yearly returns to the Development Commissioner in Form E for placing the same before the Approval Committee for consideration.

(7) The Developer shall submit a half-yearly certificate for the period ending 31st March and 30th  September of every financial year regarding utilization of  ³[goods and services from an Independent Chartered Engineer or Independent Chartered Accountant or Cost Accountant as the case may be] ^old[goods from an independent Chartered Engineer], other than the one who has  given  a certificate  for  the  purpose of sub-rule  (2), to Development Commissioner  and  Specified  Officer  and  every certificate under  this  sub- rule shall be filed within thirty days of the period specified, as the case may be.

(8) The Developer shall not remove goods from the Special Economic Zone to the  Domestic  Tariff  Area except with the  permission  of the Specified Officer and on payment of duty applicable on such goods.

1. Substituted vide Notification Dated 14/06/2010

2. Inserted vide Notification Dated 19/09/2018

3. Subsituted vide Notification Dated 19/09/2018