Govt. Amends SEZ Rules | IFSC Units Can Now Import, Export, and Supply Aircraft Engines to/from DTA

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Last Updated on 10 June, 2024

Notification No. G.S.R 314(E); Dated: 06.06.2024

The Govt. has notified Special Economic Zones (Third Amendment) Rules, 2024. An amendment has been made to Rule 29A, which relates to the ‘procedure for importing, exporting, procuring, or supplying aircraft to the Domestic Tariff Area (DTA) by a unit in IFSC’. As per the amended norms, the govt. has expanded the scope of the rule by substituting the word ‘aircraft’ with the words ‘aircraft or aircraft engine’. Now, units in IFSC can import, export, procure or supply aircraft engines to/from DTA.

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