Online facility for SEZ developers from next month

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SME Times News Bureau | 16 Aug, 2014
Online filing of applications for various purposes by the special economic zone (SEZ) developers and units to be launched next month, informed ministry of Commerce and Industry in a press release on Thursday.

The Department of Commerce has initiated an exercise for standardization of procedures, harmonization of Rules, formats and fees, and is undertaking a review of the issues relating to Human Resource Management (both SEZ & Customs), Vigilance mechanism, Grievance redressal and its monitoring in all Zones.

Department of Commerce is also making preparations for allowing online filing of applications for various purposes by SEZ Developers and Units, and this facility would be launched next month.

Madhusudan Prasad, Additional Secretary, Department of Commerce Thursday unveiled and implemented the timelines for disposal of various processes and activities related to SEZ Developers / Units at Noida SEZ in the presence of Rajeev Arora, Joint Secretary, Department of Commerce and Sumeet Jerath, Development Commissioner, Noida SEZ and.

These time-lines will be strictly followed by all the Zonal Development Commissioners throughout India.

These time-lines have been uploaded on the SEZ Website (www.sezindia.nic.in) and are being prominently displayed through notice boards in all DC offices as well as on the individual websites of the Zones.

To ensure smooth functioning of SEZs and facilitating ease of doing business in SEZs, Department of Commerce, Government of India has prescribed time limits for disposal of various activities related to SEZ Developers/Units.

Henceforth, the timeline for examination of proposals for setting up of SEZs including site inspection of land and sending to the DoC is 15 days, examination of the proposal for change of sector is 7 days, extension of LOA upto 4th year and execution of lease deed is 7 days, in-principle exit order is 7 days, issuance of Form-I for CST exemption is 5 days etc.

This will work as a catalyst in providing good governance in the SEZs, added release.