No 30 Year Bar for Expiry of Lease Period in SEZs, Lease Validity Depends upon Duration of Lease Deed
Instructions are applicable to SEZs which are not owned by the Government of India
[SEZ Instruction No.103 dated 11 December 2019]
Subject: Clarification on DoC's Instruction no. 98 regarding review of lease period in case of developer, co-developer and units in Special Economic Zones.
I am directed to refer to DoC's Instruction no. 98 dated 29.08.2019 on the subject cited above and to clarify that the amendment in tenure clause in compliance of the said instruction may be considered and if suitable, approved at the level of the jurisdictional Development Commissioner subject to compliance with extant rules and regulations as per State / UT government's policy. These instructions are applicable to SEZs which are not owned by the Government of India.
2. Accordingly, all Development Commissioners are requested to ensure necessary compliance of the aforesaid instructions with immediate effect.
3. This issues with the approval of the Competent Authority.