Page 5 - Special Economic Zones

Infra, realty trusts can set up biz in SEZs. Will this increase exports?

The Centre amended the Special Economic Zones Act (SEZs Act) in August 2019 to broaden the definition of "person" who can set up their units in these zones

All existing notified SEZs deemed to be multi-sector SEZs: Government

Aim is to get more entities to set up manufacturing facilities in SEZs and to help developers to monetise their unutilised land

Need more regional trade deals, tax exemption for SEZs: CII report

The report has suggested full income tax exemption for 10 years be provided to units in Special Economic Zones, lower cost of credit for exporters, and fast-paced growth in high-tech shipments

Budget 2020: IT firms want 15% corporate tax for services companies in SEZs

The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy

Govt grants six month extension to plastic scrap imports in three SEZs

The three SEZs in which recycling units are now allowed to import plastic scrap are Kandla, Falta and Noida

Govt may allow services units in SEZs to accept payments in rupee: Report

The proposal is aimed at promoting the growth of IT units in special economic zones (SEZs)

Bihar has export potential of $900 mn, shipment could exceed $2 bn: Exim

The study examined Bihar's economic profile and outlined strategies for creating an enabling environment for exports at the state-level

Govt to consider TCS, Infosys offers to set up infotech SEZs on Nov 15

Infosys has sought formal approval for setting up a sector specific SEZ for IT/ITeS at Kancheepuram district in Tamil Nadu

Spike in gold smuggling via SEZs under lens; PMO seeks Customs report

The report should contain details about official gold imports, its usage in the domestic market, smuggling trends, possible curbs to mitigate the negative impact of gold imports on the trade deficit

How best to play finance special economic zones

What is needed is not mere deregulation but the construction of institutions that will permit private firms to compete in exporting and inspire confidence in global customers

Remove sunset clause on tax benefits for SEZ units: Commerce ministry

According to industry experts, the clause that indicates the date in advance on which tax incentives will cease to exist is a retrograde step and would impact investments and job creation

24 cos, Rs 60k-cr investment & 150,000 jobs: Gadkari reveals mega port plan

JNPT is investing Rs 4,000 crore in the SEZ which is supposed to be spread over 277 hectares

Making the new regime clearer

The new rules give drawback of only the customs and excise duties for export, as well as supplies to Special Economic Zones