The units and developers of SEZs— special zones for exports—will be subjected to the same penal laws as exporters and importers elsewhere in the country are, a government notification has said. Clarifying the issue of applicability of penal provisions in SEZs, the government said the SEZs would come under the the Foreign Trade (Development and Regulation) Act. The Foreign Trade Act provides for punishment for violation of the foreign trade rules. Besides exporters and importers, it also covers export-oriented units.
Source : Financial Express