Examples of SEZ Act in a sentence
The SEZ Developers/units, its agencies appointed by them have been exempted from Payment of Customs Duty for goods or services imported into SEZ for its authorised operations in terms of Section 26 of SEZ Act, 2005.
The successful bidder shall obtain all necessary approvals from competent SEZ Authorities under SEZ Act, 2005 and MP SEZ Act, and rules and notifications issued there under from time to time and shall obtain all other applicable permissions, consents and licenses from competent and appropriate authorities.
Each Zone is headed by a Development Commissioner and is administered as per the SEZ Act, 2005 and SEZ Rules, 2006.
It is mutually understood between the parties that the Lessee/Sub-Lessor reserves the right of renewal and is subject to the satisfactory performance of the Sub-Lessee in terms of the LOP granted and the appraisal by the Approval Committee constituted under SEZ Act.
Tender condition for exemption of duties and taxes are given below:- The Government of India has issued SEZ Act 2005 and SEZ Rules 2006 and the Government of M.P. has enacted MP SEZ Act as amended upto 2008.
The Assessing Officer, will have the right to examine the taxability of these amounts under the SEZ Act and Income Tax Act as applicable.
Further, in the supply of Goods to ANZ location, the supplier should follow the procedures laid under SEZ Act before inwarding the Goods into SEZ zone and relevant documents of the supply should accompany with along with the consignment for inspection to obtain permission for the movement of Goods inside the zone from the concerned SEZ authorities.
The developer has submitted that due to withdrawal of the State SEZ policy and absence of the State SEZ Act and also due to worldwide economic recession, they have requested for withdrawal of formal approval.
It is mutually understood between the parties that the Sub-Lessor reserves the right of renewal and is subject to the satisfactory performance of the Sub-Lessee in terms of the LOP granted and the appraisal by the Approval Committee constituted under SEZ Act.
This is evident from a collective reading of the various provisions of the SEZ Act viz.