Ministry of Finance TheDollarBusiness

For a sector-specific SEZ for Gems and Jewellery at Ichhapor, Surat

Dated September 7, 2015 | Copy of | F.No.F.2/10/2014-SEZ | Whereas, M/s. Gujarat Hira Bourse, a fully private organization of the State of Gujarat, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for Gems and Jewellery at Ichhapor, Surat, in the State of Gujarat; And, whereas, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the said Act read with rule 8 of the Special Economic Zone Rules 2006, had notified an area of 73.87.97 hectares vide Ministry of Commerce and Industry Notification Number S.O.1185(E) dated 20th July, 2007;  And, whereas, M/s. Gujarat Hira Bourse has proposed to de-notify the entire area of 73.87.97 hectares of the above Special Economic Zone; And, whereas, the State Government of Gujarat has given its “No Objection” to the proposal vide letter no.IC/Infra/SEZ-Cell/1045774 dated 24th February, 2015. And, whereas, the Development Commissioner, Falta Special Economic Zone has recommended the proposal for de-notification of the entire area of 73.87.97 Hectares of the Special Economic Zone;  Now, therefore, in exercise of the powers conferred by first proviso to rule 8 of the Special Economic Zones Rules 2006, the Central Government hereby rescinds the above notification except as respects things done or omitted to be done before such rescission.

Sd/- (Dr. Guruprasad Mohapatra) Jt. Secy.

S.O.2438(E)

F.No.F.2/10/2014-SEZ Issued by: Ministry of Commerce and Industry (Department of Commerce) New Delhi

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The Dollar Business Bureau - Sep 12, 2015 12:00 IST