Does Maharashtra have special law for SEZ units in Pune?

Detailed Legal Analysis

Yes, Maharashtra has special laws and policies governing Special Economic Zones (SEZ) units, including those in Pune, primarily guided by the SEZ Act, 2005, and the Maharashtra SEZ Policy.

The Special Economic Zones Act, 2005, is the central legislation that provides the framework for establishing and managing SEZs in India. The Act aims to promote exports, enhance investment, and create employment opportunities. In Maharashtra, the state government has formulated specific policies to support the SEZ framework established by the central legislation.

Key aspects of the SEZ framework in Maharashtra include:

• SEZ Act, 2005: The central legislation that regulates the establishment and operation of SEZs across India, including Maharashtra. It provides for various incentives and facilities for SEZ units.
• Maharashtra SEZ Policy: The state-specific policy outlines additional benefits, ease of doing business, and administrative support for SEZ units. This policy complements the central SEZ Act.
• Incentives: SEZ units are entitled to various incentives, such as:
• 100% income tax exemption on profits for the first five years.
• 50% exemption on income tax for the next five years.
• No customs duties on goods imported into the SEZ.
• Exemption from various state taxes like VAT and CST on goods sold within the SEZ.
• Single Window Clearance: The Maharashtra government has established a single-window clearance system to expedite approvals and clearances for SEZ units.
• Land Acquisition: The Maharashtra SEZ Policy includes provisions for acquiring land for SEZ projects, ensuring compliance with the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.
• Infrastructure Development: The government emphasizes developing necessary infrastructure to support SEZs, including transportation, utilities, and communication networks.

Overall, the combination of the SEZ Act, 2005, and the Maharashtra SEZ Policy provides a robust legal and operational framework for SEZ units in Pune, encouraging investment and growth in the region.