Alerts & Updates 13th Apr 2026

IFSCA Signals Stricter Enforcement for Violation of SEZ Rules

Authors

Vinod JosephPartner | Mumbai
Akhil Ganatra
Akhil GanatraAssociate | GIFT City
Saloni Khaitan
Saloni KhaitanAssociate | GIFT City
Zaynali Badami
Zaynali BadamiAssociate | GIFT City

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IFSCA has, through its recent notice dated March 27, 2026, highlighted recurring defaults by units in the IFSC-SEZ, indicating a clear shift towards stricter enforcement of the SEZ Rules. With higher penalties set to apply from FY 2026–27 and a deadline of April 15, 2026, to regularise existing gaps, IFSC entities should take immediate steps to review and address any non-compliances under the Special Economic Zones Rules, 2006.

In this Update, we have reviewed and analysed the common recurring non-compliances highlighted by IFSCA in its notice.

Read the complete update here.

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