Relaxations provided on compliances to be met by units / developers / co‐developers of SEZs
In view of the sudden
outbreak of COVID‐19 pandemic and the nation-wide lockdown, the Department of Commerce on 30 March 2020, provided certain relaxations on compliances to be met by units /
developers / co‐developers of Special Economic Zones (“SEZs”). Such
compliances to which the relaxations will apply, includes:
1. Requirement to file Quarterly
Progress Report (QPR) attested by Independent Chartered Engineers by
Developers/ Co‐developers;
2. SOFTEX form to be filed by IT/ITES units;
3. Filing of Annual Performance Reports (APR) by
SEZ units;
4. Extension of Letter of Approvals (LoA) which may
expire, in the cases of:
a)
Developers/co‐developers who are in the process of developing and
operationalising the SEZ;
b)
Units which are likely to complete their 5 years block for NFE
assessment;
c) Units which are yet to commence operations.
The Development Commissioners of SEZs has been directed to ensure
that in cases where any compliance is not met during this period impacted by
the above disruption, no hardship is caused to Developers / Co‐Developer /
Units and no punitive action is taken.
Further, as may be possible, all extensions of LoAs and other
compliances may be facilitated through electronic mode in a time‐bound manner.
In the cases where it is not possible to grant extension through electronic
mode or in cases where a physical meeting is required, the Development
Commissioners has been asked to ensure that the Developer / Co‐developer /
Units do not face any hardship due to such expiry of validity during this
period of disruption. Ad‐hoc interim extension / deferment of the expiry date
may be granted without prejudice till 30 June 2020 or further instructions of
the Department on the matter, whichever is earlier.