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

The Central Government notifies that a particular SEZ shall be deemed an inland container depot under section 7 of the Customs Act, 1962 from 1 April. Which statement is correct under section 53?

The deeming takes effect from the date the Central Government notifies, and it may notify different dates for different SEZs. It is not automatic from the appointed day; that applies only to the outside-customs-territory status in sub-section (1).

  1. AThe deeming operates automatically from the appointed day for every SEZ
  2. BSuch deeming is possible only for airports and not for land stations
  3. CThe deeming takes effect from the date the Central Government notifies, and different dates may be notified for different SEZsCorrect
  4. DThe deeming needs approval of both Houses of Parliament

Explanation

Section 53(2) deems an SEZ to be a port, airport, inland container depot, land station or land customs station, as the case may be, from such date as the Central Government notifies, and different dates may be notified for different SEZs. The automatic deeming from the appointed day applies only to territory outside the customs territory under 53(1).

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