In a puzzling move, the Commerce Ministry has issued instructions for transfer of physical and financial assets of units in Special Economic Zones (SEZ) that opt to exit from the SEZ to another entity eligible to set up a SEZ unit. The procedures envisage engagement of an independent valuer by the SEZ Authority to assess the current value of the physical assets as well as financial assets, in the nature of unutilized portion of any upfront lump-sum payment by way of premium, advance lease rentals etc. made by the exiting unit to the SEZ developer.
The instructions detail the
The instructions detail the
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