2
PART IV
APPLICATIONS FOR APPROVAL OF INVESTMENT IN EXPORT PROCESSING ZONES
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
Applications for investment licences.
Application for developer’s permit.
Consideration for approving applications for investment licences.
Approval or refusal of application for investment licences.
Period of validity of licences.
Renewal of investment licences.
Register of licences.
Investor to notify Authority of non-implementation investment.
Transfer of licences prohibited.
Power to visit premises and inspect documents.
Suspension and cancellation of licences.
Appeals to Minister.
Protection from compulsory acquisition of property.
PART V
OPERATIONS WITHIN EXPORT PROCESSING ZONES
36.
37.
38.
39.
40.
Dealing with, or disposal of, goods in export processing zones.
Retail trade.
Disposal of goods abandoned in export processing zones.
Certain goods not to be taken into or stored in export processing zones.
Import and export licensing.
PART VI
BANKING AND INSURANCE SERVICES
41.
42.
43.
44.
45.
Banking activities.
Restrictions on borrowing and payments of employees.
Payment for goods and services.
Foreign currency accounts and payments in foreign currency.
Insurance business.
PART VII
FINANCIAL PROVISIONS
46.
47.
48.
Funds of Authority.
Investment of moneys not immediately required by Authority.
Accounts and audit.
PART VIII
OFFENCES AND PENALTIES
49.
50.
False statements.
Penalty for offences not otherwise provided for.
PART IX
GENERAL
51.
52.
53.
54.
55.
Vessel in relation to export processing zone.
Licensed investors to submit returns.
Priority to be given to applications, requests, etc. of Authority.
Preservation of secrecy.
Exemption from liability for Authority.