NEW DELHI: The government has allowed MukeshAmbani owned Reliance Industries to surrender its special economic zone in Haryana.
The decision to denotify Reliance Haryana
SEZ Ltd, a unit of RIL, was taken by Board of Approval, headed by Commerce Secretary S R Rao, in its meeting on June 12.
"After deliberations, the board decided to approve the proposal...for de-notification of the sector specific SEZ for multi services.
"The approval is subject to...a certificate that the developer has either not availed or has refunded all the tax/duty benefits availed under SEZ Act/Rules in respect of the area to be de-notified, there are either no units in the SEZ or the same have been debonded, the state government has no objection to the de-notification proposal etc," the minutes of the SEZ BoA meeting said.
The BoA is a 19-member inter-ministerial body that deals with SEZs and the issues related to them.
In the meeting, the board has also directed that the information regarding that case "must invariably be sent to CBDT and CBEC for taking necessary action".
However, no reason was given by the developer for de-notification of the zone.
Reliance Haryana SEZ Ltd, a sector specific SEZ for multi services at villages Mohammadpur Jharsa, Gharauli Khurd, Khandsa and Harasru, District Gurgaon, Haryana was notified over an area of 440.71 hectares.
It was notified on November 14, 2007.
Separately, the BoA deferred the proposal of another SEZ promoted by Mukesh Ambani at Raigad in Maharashtra.
Mumbai SEZ Ltd has requested for grant of extension of in-principle approval for setting up of a multi-product SEZ Raigad, Maharashtra.
"The Board after deliberations deferred the proposal and decided to obtain the views of the State Government on the issue before considering the extension," the minutes said.
The SEZ was given in-principle approval on August 8, 2006. As per SEZ Rules, the validity of the approval was up to August, 7, 2007. The developer has already been granted six extensions, the validity of which was going to expire on August, 7, 2013.
The developer was seeking further extension of validity for one more year.
Source : timesofindia.indiatimes.com