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

Under the proviso to section 4(1), what is the position of an existing Special Economic Zone with respect to notification?

An existing Special Economic Zone is deemed to have been notified and established in accordance with the Act, and the Act's provisions apply to it as far as may be. No fresh notification is needed.

  1. AIt is deemed to have been notified and established in accordance with the ActCorrect
  2. BIt remains un-notified until the Board grants a fresh letter of approval
  3. CIt is notified only after the State Government submits particulars of the area
  4. DIt ceases to be a zone if no Authority is constituted within six months

Explanation

The first proviso to section 4(1) says an existing SEZ is deemed to have been notified and established under the Act, and the Act applies to it as far as may be. The six-month point concerns constituting the Authority, not the zone's existence.

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