FinMin rejects provision for tax benefits to SEZs under DESH Bill

Says proposed incentives would "create havoc" for units outside the zones

The Union finance ministry has turned down the commerce ministry’s proposal to provide tax incentives to units set up in special economic zones (SEZs) as part of the Development of Enterprises and Services Hub (DESH) Bill, 2022, holding that it would “create havoc” for units outside such zones.
 

It has been explicitly communicated that they (the commerce department) should do whatever it takes to make the scheme beneficial to encourage these units but tax incentives should be kept out of the scheme. Such concessions under the proposed scheme may help one identified sector, but it will create havoc for the