In addition to the Seven Central Government SEZs and 12 State/ Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval have been accorded to 571 proposals out of which 348 SEZs have been notified. A total of 105 SEZs are already exporting.

Total exports of Rs.99,689 crore have been made from SEZs during the financial year 2008-09 registering a growth of 50% over the exports for the same period of the previous year.  Exports from SEZs during the first three quarters of the current financial year have been to the tune of Rs.1,52,092.68 crore registering a growth of about 127% over the exports for the same period of the previous financial year.

The fiscal concessions are in built into the SEZ Act, 2005.  The Units in the SEZs are allowed duty free goods for setting up SEZ Units, exemption from Service Tax, Minimum Alternate Tax (MAT), Central Sales Tax etc.  SEZ Units are allowed 100% Income Tax exemption on export income 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. Also, sales into Domestic Tariff Area by SEZ Units attract all duties including Countervailing Duties.

State-wise Distribution of approved Special Economic Zones

State Formal

Approvals

Notified

SEZs

Operational

SEZs

Andhra Pradesh 102 72 21
Chandigarh 2 2 1
Chattisgarh 1 0 0
Delhi 3 0 0
Dadra & Nagar Haveli 4 2 0
Goa 7 3 0
Gujarat 48 30 10
Haryana 45 32 3
Himachal Pradesh 0 0 0
Jharkhand 1 1 0
Karnataka 52 29 15
Kerala 25 15 5
Madhya Pradesh 14 6 1
Maharashtra 109 57 15
Nagaland 2 1 0
Orissa 10 5 1
Puducherry 1 0 0
Punjab 8 2 0
Rajasthan 8 7 3
Tamil Nadu 68 55 19
Uttar Pradesh 34 16 6
Uttarakhand 3 2 0
West Bengal 24 11 5
GRAND TOTAL 571 348 105

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Tags : Minimum Alternate Tax (97) SEZ (139)

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