The Special Economic Zones (Amendment) Rules, 2020

Oct 28, 2020 | by Avantis RegTech Legal Research Team

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Commercial Compliance

The Ministry of Commerce and Industry on October 23, 2020 has issued the Special Economic Zones (Amendment) Rules, 2020 to further amend the Special Economic Zones Rules, 2006.

In Rule 24(3) related to “The procedure for grant of drawback claims and Duty Entitlement Pass Book credit to a Developer or Unit” of the Special Economic Zones Rules, 2006, the following proviso shall be inserted, namely:

“Provided further that in case of supplies from Domestic Tariff Area to foreign suppliers in Free Trade and Warehousing Zone, the drawback or any other similar benefit Scheme shall be admissible where the payments are made in foreign currency by the foreign supplier to Domestic Tariff Area.

[Notification No. G.S.R. 678(E)]


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