Govt allows de-notification of 40% of Reliance SEZ
An official said RILís proposal was approved at the meeting of Board of Approvals SEZ, headed by Commerce Secretary S R Rao, subject to the company obtaining a no-objection certificate from the state government for the denotification.
ďThe BoA today approved the proposal but they have to take an NoC from the state government and the company also have to refund the tax benefits it may have availed for operating units in the only-for-export zone,Ē he said.
RILís multi-product SEZ is spread over 1,764.14 hectares. The company wants partial de-notification of an area of 728.43 hectares. The developer had applied for partial de-notification so as to implement a number of new projects in the domestic tariff area in Jamnagar near the SEZ.
The SEZ houses 580,000 barrels per day or 29 million tonnes a year oil refinery that exports fuel. An adjacent 33 million tonnes older unit caters to the domestic market.
Be the first to comment.