Corporate Law : On account of the Pandemic outburst of COVID-19, the Central Government declared a complete lockdown from 25th March, 2020 onwards...
Corporate Law : The Ministry of Commerce and Industry, Department of Commerce vide SEZ Division Letter in D.12/25/2012-SEZ, dated October 28, 2014...
Corporate Law : As part of ‘Ease of Doing Business’ initiative of Department of Commerce (DOC), following transactions were identified by DOC ...
Income Tax : Ministry of Commerce & Industry 378 SEZs are presently notified, out of which 265 are operational Posted On: 10 MAR 2021 The S...
Corporate Law : In all other matters, the concerned DC, SEZ should take all necessary steps, including consultation with Government Counsel and re...
Goods and Services Tax : The issue under consideration is whether the petitioner is eligible for exemption from payment of entry tax based on certificates ...
Corporate Law : Discover the new guidelines for SEZ Developers on procuring and installing solar panels to provide power supply in common areas of...
Corporate Law : Discover the latest changes in the Special Economic Zones (Fourth Amendment) Rules, 2024. Stay informed on reconditioning, repair,...
Corporate Law : Stay updated with the latest changes! Read about the Special Economic Zones (Second Amendment) Rules, 2024, issued by the Ministry...
Finance : Explore the latest finance ministry notification under IFSCA Act 2019, detailing modifications in Special Economic Zones Act 2005 ...
Corporate Law : Discover the latest amendment to the Special Economic Zones Rules, 2024, enhancing the flexibility in transactions between SEZ uni...
Meetings of all Zonal Development Commissioners under the chairmanship of AS(SEZ) would be held after BOA meeting in the Department of Commerce to discuss and clarify policy matters which required further discussion. Therefore, if Zonal DCs need any clarifications on SEZ Policy issues, they may bring up such matters along with full details of the case in these meetings.
It has been noted that developers/co-developers have been seeking permission of the BoA for carrying out such authorized operations, which are already covered in the default list of authorized operations, the powers for which have already been delegated to the DC’s/UAC’s. This results in the waste of precious time of the BoA.
The Ministry of Commerce & Industry has issued an Instruction No. 41 – F.No.C.6/9/2009-SEZ- Dated November, 2009 to all Development Commissioners clarifying that Net Foreign Exchange Earning (NFE) for SEZ units is to be calculated in rupee terms only.In case a unit claims that the NFE is negative due to foreign exchange fluctuations, the Approval Committee may consider the same, on case to case basis, provided the NFE computations are certified by the Authorised Banker of the unit.
I am directed to say that references have been received in this department seeking clarification on the currency in which NFE is to be calculated. The matter has been examined in this department and it is clarified that NFE is to be calculated in rupee terms only.
Instruction No. 30, dated August, 2009 I am directed to inform you that Empowered Group of Ministers in its meeting dated 24th October, 2008 had approved development guidelines to be followed in respect of operations in the non-processing area of the SEZs. 2. As per the decision, the Board of Approval while approving infrastructure within each […]
F.No.C.3/6/2009-SEZ Government of India Ministry of Commerce and Industry Department of Commerce Udyog Bhawan, New Delhi Dated the 3rd June , 2009 INSTRUCTION NO. 13 Subject: Clarification on Lease of space on shift basis in IT/ITES SEZ & Disaster Management / Recovery Centre Reference has been received as to whether a Developer can lease space […]
The Central Government has issued a Notification („subject Notification?) granting exemption from service tax in respect of the taxable services which are provided in relation to the authorized operations in a Special Economic Zone (SEZ) and are received by a developer or a unit of an SEZ. This Notification supercedes the earlier exemption granted in […]
