Special Economic Zones (SEZs)

India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone(EPZ) model in promoting exports, with Asia`s first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings on account of the multiplicity of controls and clearances, absence of world-class infrastructure and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones(SEZs) Policy was announced in April 2000. SEZ units may be set up for manufacture of goods and rendering of services.

  • SEZ unit may sell goods including by-products,and services in DTA in accordance with the import policy in force, on payment of applicable duty.
  • Developers of SEZ get duty exemptions and concessions on all their procurements ,whether of goods or services ,for the purpose of development.
  • Goods and services going into the SEZ area from DTA are treated as exports and goods coming from the SEZ area into DTA are treated as if these are being imported.

Incentives and facilities offered to the SEZs

  • Duty free import /domestic procurement of goods for development, operation and maintenance of SEZ units.
  • 100% Income Tax exemption on export income for SEZ units under section 10AA of the Income Tax Act for first 5 years,50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
  • Exemption from MAT under section 115JB of the Income Tax Act.
  • Foreign Investment up to 100% allowed.
  • Exemption from Service Tax.
  • Single window clearance for Central and State level Approvals.

How we assist

We may assist you:-

  • Preparation and filing of application with the concerned office of DGFT.
  • We can assist assessing the feasibility of the scheme and assist in carrying out all the formalities, documentation, representation and coordination with the relevant authorities to get the approval of EOU, conversion from DTA to EOU,EOU to DTA etc.
  • We regularly assist the suppliers to EOU or EOU themselves get the benefits of deemed exports like Drawback, Advance License,Excise refund, CST refund, Drawback on Fuels etc.
  • We also take matters of clarifications/relaxations etc. from the DGFT.
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