Vidhi Codex

The Tamil Nadu Special Economic Zones (Special Provisions) Act 2005

The Tamil Nadu Special Economic Zones (Special Provisions) Act 2005

General200532 sections

This Act regulates the establishment, administration, and tax concessions of Special Economic Zones in the Indian state of Tamil Nadu. It applies to economic zone developers and entrepreneurs operating businesses within these designated local areas. By introducing simplified application and licensing systems, unified inspections, and specialized local courts, the law streamlines bureaucracy. Crucially, it exempts these businesses from various state levies, including sales, entry, luxury, and electricity taxes. The legislation matters because it reduces operational costs and administrative delays, which serves to boost industrial growth, attract direct foreign investment, build infrastructure, and generate massive new employment opportunities throughout Tamil Nadu.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Definitions
  3. 3. Guidelines to recommend proposal to establish Special Economic Zone.
  4. 4. Additional functions of Approval Committee.
  5. 5. Single application form; return; etc.
  6. 6. Agency to inspect.
  7. 7. Single enforcement officer or agency for notified offences.
  8. 8. Investigation, inspection and search or seizure.
  9. 9. Designated Courts to try suits and notified offences.
  10. 10. Appeal to High Court.
  11. 11. Offences by companies.
  12. 12. Exemptions to every Developer and entrepreneur.
  13. 13. Duration of exemptions
  14. 14. Transfer of ownership and removal of goods
  15. 15. Domestic clearance by Units.
  16. 16. Power to modify provisions of this Act or other enactments in relation to Special Economic Zones.
  17. 17. Constitution of Authority.
  18. 18. Officers of Authority and other staff.
  19. 19. Functions of Authority.
  20. 20. Constitution of Fund and its application
  21. 21. Accounts and audit.
  22. 22. Directions by Governm ent.
  23. 23. Returns and reports.
  24. 24. Power to supersede Authority.
  25. 25. Members, officers and employees of Authority and Government to be public servants
  26. 26. Protection of action taken in good faith.
  27. 27. Acquisition of land for Special Economic Zone.
  28. 28. Act to have overriding effect.
  29. 29. Power to make rules.
  30. 30. Power to remove difficulties.
  31. 31. Savings
  32. 32. Repeal and Saving.

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