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SEZ - Highlights / Catch Notes

Home Highlights June 2024 Year 2024 This

The Ministry of Commerce and Industry issued the Special ...


New rules allow sale of certain metal wastes generated from repair in Domestic Tariff Area. Export-import balance required.

Notifications     SEZ

June 21, 2024

The Ministry of Commerce and Industry issued the Special Economic Zones (Fourth Amendment) Rules, 2024 u/s 55 of the Special Economic Zones Act, 2005. The rules, effective upon publication, amend the Special Economic Zones Rules, 2006. Specifically, Rule 18(4)(d) now allows reconditioning, repair, and re-engineering with a requirement for one-to-one correlation between exports and imports. Non-hazardous metal and metal-alloy wastes meeting specified criteria can be sold in the Domestic Tariff Area with customs duty payment. Sale is limited to actual users or authorized traders, subject to State Pollution Control Board verification. The amendment is signed by the Joint Secretary.

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