The Department of Commerce under the Ministry of Commerce and Industry vide Notification F. No. K-43013(12)/1/2022-SEZ dated February 23, 2023 has issued the Special Economic Zones (Amendment) Rules, 2023, in order to insert new in the Special Economic Zones Rules, 2006 (“the SEZ Rules”), w.r.t. SEZ units undertaking/ dealing with aircraft leasing activities, in a following manner:
- Newly inserted Rule 21B of the reads as below:
“21B. Units dealing with aircraft leasing activities. – A Unit in an International Financial Services Centre, authorised to undertake aircraft leasing activity, if allowed by the International Financial Services Centre Authority not to maintain separate office, may utilise office space or manpower or both, of another unit set up in International Financial Services Centre authorised to undertake aircraft leasing activity, as may be approved by the Authority.”
The Notification can be accessed at: https://egazette.nic.in/WriteReadData/2023/243893.pdf