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CS Executive · Economic, Commercial and Intellectual Property Laws · Law relating to Special Economic Zones

A Developer wants to know who decides the manner, terms and conditions on which the exemptions, concessions and drawbacks under the SEZ Act's section on Developers and entrepreneurs are granted. Which is correct?

The Central Government may prescribe the manner, terms and conditions for granting the exemptions, concessions, drawbacks and other benefits to a Developer or entrepreneur. The entitlement in the Act is made subject to this power, so it is not unconditional.

  1. AThe Board of Approval alone, by resolution
  2. BThe Central Government may prescribe the manner, terms and conditionsCorrect
  3. CThe Development Commissioner alone, at discretion
  4. DThe exemptions are unconditional and no conditions can be prescribed

Explanation

Section 26(2) states that the Central Government may prescribe the manner in which, and the terms and conditions subject to which, the exemptions, concessions, drawback or other benefits are granted. Option D is wrong because the entitlement in sub-section (1) is expressly subject to sub-section (2).

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