No increase in lease rent for SEZ units in FY21 due to coronavirus: Centre
And payment of lease rent of the first quarter is to be deferred up to July 31, 2020, for all SEZ units
 "No increase in lease rent for SEZ units in FY21 due to coronavirus: Centre")
premium
The Centre on Monday gave interim relief to Special Economic Zone (SEZ) units from any increase in lease rent on account of Covid-19 outbreak.
As per an official communication from the Ministry of Commerce and Industry, the relief measure was instituted in consultation with the Department of Expenditure on account of the Covid-19 outbreak.
Consequently, there will not be any increase in the lease rent for the SEZ units for the FY 2020-21 and payment of lease rent of the first quarter is to be deferred up to July 31, 2020, for all SEZ units.
"The deferment may not invite any interest thereof," the Ministry of Commerce and Industry communication said. "Accordingly, DCs (development commissioners) are requested to take necessary action on the matter. DCs are also requested to advise developers of state government/private SEZs to consider similar relief measures in their zones."
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%