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December 2010

Clarification on Instruction No. 49 on FTWZ issues — Instruction No. 71, dated 12 November 2010 (reproduced)

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
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Part E : Miscellaneous


2. Clarification on Instruction No. 49 on FTWZ issues —
Instruction No. 71, dated 12 November 2010 (reproduced)


I am directed to refer to Instruction No. 49 dated 12 March
2010 of this Department and to amend the point no. (iv) of the above-mentioned
instruction to the extent that instrad of there being no limitation on units set
up in FTWZ located in sector specific SEZs to carry out trading and warehousing
activities in respect of any products, it has been decided that units in Free
Trade Warehousing Zones (FTWZ) in a Sector Specific SEZ can store goods required
for development of zone or setting up of units or for manufacturing and export/DTA
sale of goods and services or
finished products of the units in that particular sector-specific zone.

Yours faithfully

G. Muthuraja
Under Secretary to the Government of India


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