Discuss the functions of Special Economic Zone Authority under Special Economic Zones Act, 2005.
CS Executive · Economic and Commercial Laws · PYQS · June 2017
Discuss the functions of Special Economic Zone Authority under Special Economic Zones Act, 2005.
Answer & Explanation:
Section 34 of the Special Economic Zones Act, 2005, casts upon the Special Economic Zones Authority a duty to undertake such measures as it thinks fit for the development, operation and management of the respective Special Economic Zone. Further, the functions of the Special Economic Zones Authority are as under: The development of infrastructure in the Special Economic Zone; Promoting exports from the Special Economic Zone; Reviewing the functioning and performance of the Special Economic Zone; Levy user or service charges or fees or rent for the use of properties belonging to the Authority; Performing such other functions as may be prescribed.
Topics: Special Economic Zones Act, 2005
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