Promotion Council for EOUs & SEZ Units
(Ministry of Commerce and Industry,
Govt. of India)
Bhikaiji Cama Bhawan, Bhikaiji Cama Place, New Delhi-110066
Tel : 011-26167042/ 26165805/26166185 Fax : 011-26165538
Email : firstname.lastname@example.org
CIRCULAR NO.57 DATED 29-7-04
SUB : REVISED SEZ BILL
As you are aware Ministry
of Commerce intends to introduce SEZ Bill. Shri Kamal Nath,
Hon'ble Commerce & Industry Minister, in the Open House
organized by EPCES on 5-6-04, had invited suggestions on
the draft SEZ Bill. Accordingly we had invited suggestions
for the same vide EPCES Circular No. 50 dated 7-6-04. Suggestions
received from the members were submitted to Ministry of
Commerce for their consideration. In the Budget Shri P.
Chidambaram, Hon'ble Finance Minister has stated that Commerce
Minister would be introducing SEZ Bill in the Parliament
In our meeting with Shri
Kamal Nath, Hon'ble Commerce & Industry Minister, when
he visited SEEPZ SEZ on 16-7-04, Commerce & Industry
Minister had assured that Government will introduce SEZ
Bill only when this is fully acceptable to EPCES. We were
assured that after taking into consideration all the suggestions
the revised SEZ Bill will be made available on the website
and if anything has been left out this should be informed.
Accordingly Revised SEZ Bill has been placed, by Ministry
of Commerce, on the website www.sezindia.nic.in <http://www.sezindia.nic.in>.
I request you to please see this revised SEZ Bill and if
there is any suggestion, the same may be informed to me
immediately, in any case latest by Friday, August 6, 2004.
The suggestions may be given in the following format:-
S.No. Existing clause No.
Existing provision Revised provision Justification
I would like to inform that
this SEZ Bill will be accompanied by SEZ Rules and the procedural
issues will be specified in the SEZ Rules.
In the draft SEZ Bill, concept
of "Virtual SEZ" has been introduced for the first