CMA Final · Indirect Tax Laws and Practice · Special Economic Zone Scheme
Under Section 10 of the SEZ Act, 2005, the Board proposes to suspend the letter of approval of a Developer for violating its terms. What is the minimum written notice the Board must give to the Developer, stating the grounds, before suspension?
The Board must give the Developer at least three months' written notice stating the grounds for the proposed suspension, and must consider any cause the Developer shows within that period. Without this minimum notice the letter of approval cannot be suspended under the Act.
- AOne month
- BTwo months
- CThree monthsCorrect
- DSix months
Explanation
Section 10(3) bars suspension unless the Board has given the Developer not less than three months' written notice stating the grounds, and has considered any cause shown within that notice period. One or two months would be too short.
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