{"id":227697,"date":"2020-03-30T15:27:13","date_gmt":"2020-03-30T09:57:13","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=227697"},"modified":"2020-04-01T14:12:05","modified_gmt":"2020-04-01T08:42:05","slug":"covid-19-lockdown-relaxations-provided-on-compliances-to-be-met-by-units-developers-co%e2%80%90developers-of-sezs","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/30\/covid-19-lockdown-relaxations-provided-on-compliances-to-be-met-by-units-developers-co%e2%80%90developers-of-sezs\/","title":{"rendered":"COVID-19 | Lockdown| Relaxations provided on compliances to be met by units \/ developers \/ co. developers of SEZs"},"content":{"rendered":"<p style=\"text-align: justify;\">In view of the sudden outbreak of COVID?19 pandemic and the nation?wide lock?down, most government offices are closed and a few involved in emergency services etc., are functioning with skeletal staff. The Department of Commerce has therefore decided to provide suitable relaxations on compliances to be met by units \/ developers \/ co?developers of Special Economic Zones(SEZs). Such compliances to which the relaxations will apply, include:<\/p>\n<p style=\"text-align: justify;\">\u00b7 Requirement to file Quarterly Progress Report (QPR) attested by Independent Chartered Engineers by Developers\/ Co?developers<\/p>\n<p style=\"text-align: justify;\">\u00b7 SOFTEX form to be filed by IT\/ITES units<\/p>\n<p style=\"text-align: justify;\">\u00b7 Filing of Annual Performance Reports (APR) by SEZ units<\/p>\n<p style=\"text-align: justify;\">\u00b7 Extension of Letter of Approvals (LoA) which may expire, in the cases of:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Developers\/co?developers who are in the process of developing and operationalising the SEZ;<\/li>\n<li>units which are likely to complete their 5 year block for NFE assessment;<\/li>\n<li>Units which are yet to commence operations<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Development Commissioners of SEZs have been directed to ensure that no hardship is caused to Developers \/ Co?Developer \/ Units and no punitive action is taken in cases where any compliance is not met during this period impacted by the above disruption. Further, as may be possible, all extensions of LoAs and other compliances may be facilitated through electronic mode in a time?bound manner. In the cases where it is not possible to grant extension through electronic mode or in cases where a physical meeting is required, Development Commissioners have been asked to ensure that the Developer \/ Co?developer \/ Units do not face any hardship due to such expiry of validity during this period of disruption. Ad?hoc interim extension \/ deferment of the expiry date may be granted without prejudice till 30.06.2020 or further instructions of the Department on the matter, whichever is earlier.<\/p>\n<hr \/>\n<p><strong>Ministry of Commerce &amp; Industry<\/strong><\/p>\n<p style=\"text-align: right;\">[Press Release dt. 30-03-2020]<\/p>\n<p>[Source: PIB]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In view of the sudden outbreak of COVID?19 pandemic and the nation?wide lock?down, most government offices are closed and a few involved <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[40012,39924,40304,40302,40303],"class_list":["post-227697","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-corona-virus","tag-covid-19","tag-emergency-services","tag-lock-down","tag-special-economic-zonessezs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COVID-19 | Lockdown| Relaxations provided on compliances to be met by units \/ developers \/ co. developers of SEZs | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Accordingly, it has been decided to extend the due date for regulatory filings and compliances for REIT and InvIT for the\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122341,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/12\/first-international-financial-services-centre-set-up-at-gujarat-international-finance-tec-city-gift-gandhinagar\/","url_meta":{"origin":227697,"position":2},"title":"First International Financial Services Centre set up at Gujarat International Finance Tec-City (GIFT), Gandhinagar","author":"Saba","date":"April 12, 2017","format":false,"excerpt":"Section 18 of the Special Economic Zones Act, 2005 provides for the setting up of an International Financial Services Centre (IFSC) in a Special Economic Zone (SEZ). Subsequent to the approval received under the Act, the country\u2019s first International Financial Services Centre (IFSC) has become operational at the Gujarat International\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":228881,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/30\/new-guidelines-to-fight-covid-19-will-come-into-effect-from-4th-may-which-would-give-considerable-relaxations-to-many-districts\/","url_meta":{"origin":227697,"position":3},"title":"New guidelines to fight COVID-19 will come into effect from 4th May, which would give considerable relaxations to many districts","author":"Bhumika Indulia","date":"April 30, 2020","format":false,"excerpt":"MHA holds a Comprehensive Review Meeting on the Lockdown situation in wake of spread of COVID-19 \u00a0(MHA) held a comprehensive review meeting on the lockdown situation on 29-04-2020. It was noted that there have been tremendous gains and improvement in the situation because of the lockdown till now. 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