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DLF Cyber City Developers (DCCDL), the rental arm of DLF, has applied for denotification of 1.1 million sq ft of office space in Special Economic Zones (SEZs) and plans to start leasing it by March end. The SEZ portfolio of DLF has a vacancy of about 16%, while the non-SEZ portfolio has a vacancy of only 3%. The government s amendment in SEZ rules in December 2023 allows partial and floor-wise denotification, benefiting IT and ITES companies. DLF has already applied for denotification and is working out the duty drawback payment with a chartered surveyor. ....
"Import of any used IT assets which do not fulfil" these criteria "shall be subject to licence for restricted import," it said adding these relaxations will be applicable on the condition that no exemption has been availed from any regulatory requirements, that is Compulsory Registration Order (CRO), Restriction of Hazardous Substances (RoHS), and WPC (wireless planning and coordination) import licence. ....