Page 283 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION

International Trade Procedures and Documentation

Notes Self Assessment

Fill in the blanks:
1. India was one of the first Asian countries to recognize the significance and effectiveness of
the ............................... model.

2. EPZs in India have played a great role in ...................... expansion.
3. SEZ is a special geographical area created within the country with economic laws that are
different from a country’s typical ............................ laws, with the major objective of attracting
foreign investment to the country.
4. SEZs have emerged as focal points for promoting foreign ............................ in the country.
5. The .......................... Act has ensured clarity, stability and consistency regarding the various
benefits/incentives offered by the government for promoting exports from the country.
6. The SEZ Act 2005 is unique in the sense that it also envisages a key role for
..................................... in export promotion and creation of related infrastructure.
7. The minimum size of the multi-product SEZs shall not be less than ........................ hectares.
8. For small states such as Goa and Sikkim, there is relaxation in minimum area for setting
up SEZ as these states have land constraints owing to their smaller ............................ .
9. The developer is required to ensure that at least ......................... area of the SEZ shall be
used for processing purposes, such as developing industrial area for setting up such units.

10. The functioning of the SEZs is administered in a way that there shall be hassle-free
regulatory environment with minimum chances for .................................. and control.

13.3 Approval of New Units

In case one wishes to set up a unit in the Special Economic Zones; he needs to submit a proposal
for setting up units under EOU/SEZ scheme under the automatic route to the Unit Approval
Committee, which will consider the following points while extending the permission for the
same:
1. Proof of residence in respect of individual/partnership firms of all directors/partners.
(Passport/ration card/driving licence/voter identity card or any other proof to the
satisfaction of Development Commissioner;

2. Income tax returns of all the promoters for the last three years;
3. Experience of the promoters;
4. Marketing tie-ups;

5. In case of EOUs, inspection of the project site by an officer;
6. A report from other DCs as to whether any case under SEZ/EOU Schemes in regard to
diversion of goods, etc. is pending.
Whether necessary, the above may be verified through personal interview with the promoters
of the project. In the event of the promoters being a well-established entity, the procedure of
personal interview may be dispensed with. The Unit Approval Committee shall meet every
week on Monday. In case of the absence of the Development Commissioner, the next senior

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