Govt. Notifies the Special Economic Zones Rules, 2026

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  • Last Updated on 20 February, 2026

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Special Economic Zones Rules 2026

Notification no. G.S.R 114(E); Dated: 03.02.2026

The Central Government of India has notified the Special Economic Zones Rules, 2026, introducing updated procedural and regulatory provisions governing Special Economic Zones (SEZs), including those relating to International Financial Services Centres (IFSCs).

1. Amendment to Rule 19 – Letter of Approval to a Unit

An amendment has been made to Rule 19, which deals with the “Letter of Approval to a Unit.”

Under the revised provision:

  • The Administrator of the IFSC, i.e., the International Financial Services Centres Authority (IFSCA)
  • Shall issue a Letter of Approval (LoA)
  • In Form GA
  • For the setting up of a Unit in an International Financial Services Centre (IFSC)

2. Significance of the Amendment

The amendment:

  • Clarifies the authority responsible for issuing Letters of Approval in IFSCs
  • Formalises the process through a prescribed Form GA
  • Aligns SEZ regulatory provisions with the specialised governance structure of IFSC

This ensures a streamlined approval mechanism within the IFSC framework.

3. Regulatory Objective

The updated rule aims to:

  • Enhance clarity in administrative processes
  • Ensure uniform documentation standards
  • Strengthen regulatory coordination between SEZ framework and IFSC governance

4. Key Takeaway

Under the Special Economic Zones Rules, 2026, the IFSCA, acting as Administrator of the IFSC, is now expressly empowered to issue the Letter of Approval in Form GA for setting up units within the IFSC, reinforcing regulatory clarity and procedural uniformity.

Click Here To Read The Full Notification

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied