IFSC Authorised to Undertake Aircraft Leasing Activity

· SEZ Units Dealing with Aircraft Leasing Activities

[Dept. of Commerce Notification G.S.R. 125(E) dated 23.02.2023]

G.S.R. 125(E).—In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely: -

1. (1) These rules may be called the Special Economic Zones (Amendment) Rules, 2023.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Special Economic Zones Rules, 2006, after rule 21A, the following rule shall be inserted, namely: -

“21B.Units dealing with aircraft leasing activities. - A Unit in an International Financial Services Centre, authorised to undertake aircraft leasing activity, if allowed by the International Financial Services Centre Authority not to maintain separate office, may utilise office space or manpower or both, of another unit set up in International Financial Services Centre authorised to undertake aircraft leasing activity, as may be approved by the Authority".

[F. No. K-43013(12)/1/2022-SEZ]