SEZ compliances relaxed In view of the outbreak of Covid-19

In view of the outbreak of Covid-19 and the nationwide lockdown, the Department of Commerce has decided to provide suitable relaxations on compliances to be met by units/developers/co-developers of Special Economic Zones (SEZs). These include:

• Requirement to file Quarterly Progress Report (QPR) attested by independent chartered engineers, by developers/co-developers
• SOFTEX form to be filed by IT/ITES units
• Filing of Annual Performance Reports (APR) by SEZ units
• Extension of Letter of Approvals (LoA) which may expire, in the cases of developers/co-developers who are in the process of developing and operationalising the SEZ; units which are likely to complete their 5 year block for NFE assessment; and units which are yet to commence operations.