CFZ imports and exports

(3C) Permission granted under sub-section (3B) shall not confer any benefits under this Act to any of the businesses. (4) Private and public parties shall operate only within the CFZ in which they have been authorised to operate. (5) Subject to the provisions of this Act, only CFZ businesses which have been certified by the CEO of a private sector managed zone shall operate within a CFZ. (6) Any investor whose private sector managed zone business application has not been approved by the CEO shall have a right of appeal to the CFZ developer and the Board of Directors of that CFZ. 19.–(1) Subject to this Act, all merchandise, articles, or other goods entering a CFZ for commercial purposes shall be exempt from import duties, stamp duties, sales tax and revenue replacement duties. (2) Subject to this Act, all fuel and goods, including building materials, furniture, equipment, supplies and parts required for the proper functioning of a CFZ business shall likewise be exempt from all duties and taxes and charges referred to in sub- section (1) of this section. (3) Motor vehicles and fuel for personal use entering a CFZ shall not be exempted from the taxes and duties referred to in this section. (4) Only service and utility vehicles together with spares for such vehicles shall be allowed to enter a CFZ free of taxes and duties and shall be subject to taxation if such vehicles enter the national customs territory. (5) No quotas upon any article, item, good or service shall apply to imports or exports of a CFZ business. 20 (6) The provisions of sub-sections (1) to (5) of this section shall apply mutatis mutandis to CFZ developers. (7) Where a CFZ business operating in a CFZ is exempt from the taxes and duties mentioned in this section, the CEO of the CFZ shall exercise responsibility and control in accordance with regulations, over all such goods and merchandise allowed to enter and leave that CFZ. (8) Subject to the provisions of this Act, no imports or exports by a CFZ business shall require an import or export licence. (9) All imports and exports of a CFZ shall be exempt from all customs duties, sales taxes, consumption taxes, excise taxes, export duties, intransit taxes or export taxes, except those destined for and directly entering areas subject to the national customs territory. (10) Repealed. (11) For the purpose of this section, “service and utility vehicles” means forklift trucks, platform trucks and similar vehicles which are to be used exclusively within the CFZ and not outside. (12) The Minister may from time to time, by Order, amend the definition of “service and utility vehicles” under sub-section (11) of this section to extend or restrict the category of vehicles.