Central Government rescinds the Notification Number S.O.1131(E) dated 31st March, 2017 - S.O. 4254(E) - Special Economic Zone

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 12th October, 2021 S.O. 4254(E) .-Whereas, M/s. L T Construction Equipment Ltd. (Realty Division) SEZ-I 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 Special Economic Zone for IT/ITES at Byatarayanapura Village, Yelahanka Hobli, Bangaluru in the State of Karnataka. 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 , notified an area of 2.34 hectares vide Ministry of Commerce and Industry Notification Number S.O.1131(E) dated 31st March, 2017 ; AND, WHEREAS, M/s. L T Construction Equipment Ltd. (Realty Division) SEZ-I has now proposed to denotify entire area of 2.34 hectares of the above Special Economic Zone; AND, WHEREAS, the State Government of Karnataka has given its No Objection to the proposal vide letter No. CI 182 SPI 2020 (E) dated 15.12.2020; AND, WHEREAS, the Development Commissioner, Cochin, Special Economic Zone has recommended the proposal for de-notification of entire area of 2.34 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. The de-notified land will be used for IT/ITES Park as per No Objection Certificate (NOC) issued by Government of Karnataka vide letter dated 15.12.2020. [F. No. F.1/11/2017-SEZ] AMITABH KUMAR, Jt. Secy.