Bare Acts

The Special Economic Zones Act, 2005

2005 · In force · synced 12 Oct 2026

Not yet verified with the latest version of the bare act.

I — PRELIMINARY

1.Short title, extent and commencement 2.Definitions

II — ESTABLISHMENT OF SPECIAL ECONOMIC ZONE

3.Procedure for making proposal to establish Special Economic Zone 4.Establishment of Special Economic Zone and approval and authorisation to operate it to, Developer 5.Guidelines for notifying Special Economic Zone 6.Processing and non-processing areas 7.Exemption from taxes, duties or cess

III — CONSTITUTION OF BOARD OF APPROVAL

8.Constitution of Board of Approval 9.Duties, powers and functions of Board 10.Suspension of letter of approval and transfer of Special Economic Zone in certain cases

IV — DEVELOPMENT COMMISSIONER

11.Development Commissioner 12.Functions of Development Commissioner

V — SINGLE WINDOW CLEARANCE

13.Constitution of Approval Committee 14.Powers and functions of Approval Committee 15.Setting up of Unit 16.Cancellation of letter of approval to entrepreneur 17.Setting up and operation of Offshore Banking Unit 18.Setting up of International Financial Services Centre 19.Single application form, return, etc 20.Agency to inspect 21.Single enforcement officer or agency for notified offences 22.Investigation, inspection, search or seizure 23.Designated Courts to try suits and notified offences 24.Appeal to High Court 25.Offences by companies

VI — SPECIAL FISCAL PROVISIONS FOR SPECIAL ECONOMIC ZONES

26.Exemptions, drawbacks and concessions to every Developer and entrepreneur 27.Provisions of Income-tax Act, 1961 to apply with certain modification in relation to Developers and entrepreneurs 28.Duration of goods or services in Special Economic Zones 29.Transfer of ownership and removal of goods 30.Domestic clearance by Units

VII — SPECIAL ECONOMIC ZONE AUTHORITY

31.Constitution of Authority 32.Officers of Authority and other staff 33.Special provision for transfer of officers or other employees to Authority 34.Functions of Authority 35.Grants and loans by Central Government 36.Constitution of Fund and its application 37.Accounts and audit 38.Directions by Central Government 39.Returns and reports 40.Power to supersede Authority

VIII — MISCELLANEOUS

42.Reference of dispute 43.Limitation 44.Applicability of provisions of this Act to existing Special Economic Zones 45.Person to whom a communication may be sent under this Act 46.Identity Card 47.Authorities responsible for administration 48.Protection of action taken in good faith 49.Power to modify provisions of this Act or other enactments in relation to Special Economic Zones 50.Power of State Government to grant exemption 51.Act to have overriding effect 52.Certain provisions not to apply 53.Special Economic Zones to be ports, airports, inland container depots, land stations, etc., in certain cases 54.Amendment to First Schedule 55.Power to make rules 56.Power to remove difficulties 57.Amendment of certain enactments 58.Savings

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