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Section 3
Designation of Special Economic Zone
(1) The Government of Nepal may designate a place in Nepal as a Special Economic Zone by publishing a notice in the Nepal Gazette on the recommendation of the Authority.
(2) Export processing zone, export promotion house or any other zone designated by the Government of Nepal may be located in the special economic zone designated as per sub-section (1). Explanation: For the purpose of this section,–
(a) "Export Processing Zone" means the territory within the Special Economic Zone developed for the establishment of export industries.
(b) "Export Promotion House" means a company, firm or cooperative established in accordance with prevailing laws for the purpose of collecting and exporting the products of industries established within the Special Economic Zone.
(2) Export processing zone, export promotion house or any other zone designated by the Government of Nepal may be located in the special economic zone designated as per sub-section (1). Explanation: For the purpose of this section,–
(a) "Export Processing Zone" means the territory within the Special Economic Zone developed for the establishment of export industries.
(b) "Export Promotion House" means a company, firm or cooperative established in accordance with prevailing laws for the purpose of collecting and exporting the products of industries established within the Special Economic Zone.