Central Government rescinds the Notification Number S.O. 4121(E) dated 26th December, 2017 - S.O. 1338(E) - Special Economic Zone

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 7th March, 2019 S.O. 1338(E). -WHEREAS, M/s. Devbhumi Realtors Private Limited, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005) , (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for IT/ITES sector at Sy No. 83/1, Raidurg Panmakhta Village, Serilingampally Mandal, Ranga Reddy District, in the State of Telangana; AND, WHEREAS, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the said Act read with rule 8 of the Special Economic Zone Rules 2006 , had notified an area of 2.02 hectares vide Ministry of Commerce and Industry Notification Number S.O. 4121(E) dated 26th December, 2017 ; AND, WHEREAS, M/s. Devbhumi Realtors Private Limited has now proposed to de-notify entire area of 2.02 hectares of the above Special Economic Zone; AND, WHEREAS, the State Government of Telangana has given its No Objection to the proposal vide letter No. 1098/ITE C/Prom/2016 dated 28th June, 2018; AND, WHEREAS, the Development Commissioner, Visakhapatnam Special Economic Zone has recommended the proposal for de-notification of entire area of 2.02 Hectares of the Special Economic Zone; NOW, THEREFORE, in exercise of the powers conferred by first proviso to rule 8 of the Special Economic Zones Rules 2006 , the Central Government hereby rescinds the above notification except as respects things done or omitted to be done before such rescission. [F. No. F.1/15/2017-SEZ] B.B. SWAIN, Addl. Secy.