SEZ

Key Amendments under SEZ (Amendment) Rules, 2018

Corporate Law - Article discusses amendment in Special Economic Zones Rules, 2006 vide Special Economic Zones (Amendment) Rules, 2018 which were notified vide notification No. G.S.R. 909(E). dated 19th September, 2018....

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GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s

Corporate Law - GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s Section 2 (19) of Integrated Goods and Services Tax Act, 2017 “Special Economic Zone” shall have the same meaning as assigned to it in clause (za) of section […]...

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Procedure for Establishment of Special Economic Zone (SEZ) In India

Corporate Law - 1. Introduction to Special Economic Zone (SEZ) In India A special economic zone (SEZ) is a geographical region that has economic laws that are more liberal than a country’s domestic economic laws. The Special Economic Zone (SEZ) policy in India first came into inception on April 1, 2000 to overcome the shortcomings experienced on ac...

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Zero Rated Supplies to SEZ

Corporate Law - Supplies to SEZ unit/ Developer are Zero-rated Supply: In terms of Section 16 of the IGST Act, 2017, the following supplies of goods or services are considered as zero-rated supply. (Relevant provision of Section 16 is reproduced here in below):...

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Refund on Account of Supplies made to SEZ Unit/ SEZ Developer (Without Payment of Tax)

Corporate Law - A. FAQs on Refund on Account of Supplies made to SEZ Unit/ SEZ Developer (Without Payment of Tax) Q.1 How can I get my refund of ITC on account of supplies made to SEZ Unit/ SEZ Developer (Without Payment of Tax)? Ans: You may comply with the activities as specified below: 1. You have to […]...

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Advisory for Taxpayers to file Refund for Multiple Tax period

Corporate Law - 1. Refund application filing for multiple tax period is available for below grounds of refund:a. Export of Goods & Services-Without payment of Taxb. Supplies made to SEZUnit/SEZDeveloper-Without payment of Tax2. Refund application can be filed using refund application Form GST-RFD-01A & selecting a particular tax period 3. The multiple ta...

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SEZ Rules to be aligned with GST laws by July end

Corporate Law - Centre will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 synchronised with Goods and Services Tax (GST) laws by end of this month, a top official in the Union Ministry of Commerce and Industry said at an ASSOCHAM event held in New Delhi today....

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GST-a real major incentive for making investments in SEZs

Corporate Law - Though imposition of Minimum Alternative Tax (MAT) in 2011 slowed down growth of special economic zones (SEZs), but implementation of Goods and Service Tax (GST) provides wonderful opportunity for making investments in Indian SEZs, a top Commerce Ministry official said at an ASSOCHAM event held in New Delhi today....

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‘SEZ India’ app launched by Commerce Ministry

Corporate Law - A Mobile app named “SEZ India” has been launched by the Commerce Secretary on 06.1.2017. App would help SEZ Units and Developers to find information easily and track their transactions on SEZ Online System. ...

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FAQs on Exchange Earner's Foreign Currency Account

Corporate Law - Q 1. What is an EEFC Account and what are its benefits? Ans. Exchange Earners’ Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer Category – I bank i.e. a bank authorized to deal in foreign exchange. It is a facility provided to the foreign exchange earners, including exporte...

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Can SEZ unit claim exemption from CVD when cleared to DTA based on an Exemption Notification

Roxul Rockwool Insulation India Pvt Ltd Vs UOI (Gujrat High Court) - Can SEZ unit claim exemption from CVD when cleared to DTA based on an Exemption Notification issued under Section 5A of CEA’1944 although when there is specific bar under Section 5A for SEZ units?...

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Whether the benefit of deduction under Section 10A can be extended to inter-state sales made to another industrial unit in a SEZ, payment in respect of which is received in Indian rupees?

Commissioner of Income Tax, Cochin Vs Electronic Controls & Discharge Systems (P) Ltd (Kerala High Court) - Commissioner of Income Tax, Cochin Vs Electronic Controls & Discharge Systems (P) Ltd [2011] 13 Taxmann.com 193 (Kerala High Court)- Benefit of deduction under Section 10A is not available in respect of sales made to a unit in Special Economic Zone even though such sales are considered as ‘deemed ...

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Manufacturing of new product with new technology at existing place with fresh SEZ approval does not amount to ‘splitting up or reconstruction’

Portescap India P. Limited Vs. DCIT (ITAT Mumbai) - Manufacturing of a new product with a new technology at the same place after taking a fresh approval from SEZ authority does not amount to ‘splitting up or reconstruction’ of an existing business for the purpose of section 10A of the Act....

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Special Economic Zones (Amendment) Rules, 2018

Notification No. G.S.R. 909(E) - (19/09/2018) - (1) These rules may be called the Special Economic Zones (Amendment) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Uniform list of services to be followed in SEZs for IGST Exemption

F.No. D.12/19/2013-SEZ - (02/01/2018) - The BoA was appraised that consequent to implementation of GST Act, some State Government are not extending the benefits of IGST exemption for default services, Since, SEZs are exempt from IGST and the above matter was placed before 80th BoA meeting held on 17th November, 2017. The BoA, after delibe...

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Special Economic Zones (Amendment) Rules, 2016

Notification No. G.S.R. 2(E) - (26/12/2016) - 5A. Infrastructure requirements relating to information technology, Bio-technology, Research and Development facilities, Fabless Semi-conductor Industry and Electronic Manufacturing Services...

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Reg. Duty Reimbursement for goods supply to SEZ Developers

Instruction No. 86 - (31/10/2016) - Amendment to Instruction No. 9 regarding Procedure for Reimbursement of Duty (ROD) in lieu of drawback for supply of goods to SEZ Developers against Indian Rupees....

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Checklist of Documents for area notification & Shifting of unit from one SEZ to other

No.D.12/45/2009-SEZ - (14/07/2016) - Instruction regarding documents to be forwarded for full notification/additional area notification/partial de-notification/full de-notification/change of name of developer or co-developer and shifting of unit from one SEZ to another SEZ-reg....

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Recent Posts in "SEZ"

Key Amendments under SEZ (Amendment) Rules, 2018

Article discusses amendment in Special Economic Zones Rules, 2006 vide Special Economic Zones (Amendment) Rules, 2018 which were notified vide notification No. G.S.R. 909(E). dated 19th September, 2018....

Read More
Posted Under: Corporate Law |

GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s

GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s Section 2 (19) of Integrated Goods and Services Tax Act, 2017 “Special Economic Zone” shall have the same meaning as assigned to it in clause (za) of section […]...

Read More
Posted Under: Corporate Law |

Advisory for Taxpayers to file Refund for Multiple Tax period

1. Refund application filing for multiple tax period is available for below grounds of refund:a. Export of Goods & Services-Without payment of Taxb. Supplies made to SEZUnit/SEZDeveloper-Without payment of Tax2. Refund application can be filed using refund application Form GST-RFD-01A & selecting a particular tax period 3. The multiple ta...

Read More
Posted Under: Corporate Law |

Special Economic Zones (Amendment) Rules, 2018

Notification No. G.S.R. 909(E) (19/09/2018)

(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

Read More

Procedure for Establishment of Special Economic Zone (SEZ) In India

1. Introduction to Special Economic Zone (SEZ) In India A special economic zone (SEZ) is a geographical region that has economic laws that are more liberal than a country’s domestic economic laws. The Special Economic Zone (SEZ) policy in India first came into inception on April 1, 2000 to overcome the shortcomings experienced on ac...

Read More
Posted Under: Corporate Law |

SEZ Rules to be aligned with GST laws by July end

Centre will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 synchronised with Goods and Services Tax (GST) laws by end of this month, a top official in the Union Ministry of Commerce and Industry said at an ASSOCHAM event held in New Delhi today....

Read More
Posted Under: Corporate Law |

Zero Rated Supplies to SEZ

Supplies to SEZ unit/ Developer are Zero-rated Supply: In terms of Section 16 of the IGST Act, 2017, the following supplies of goods or services are considered as zero-rated supply. (Relevant provision of Section 16 is reproduced here in below):...

Read More
Posted Under: Corporate Law |

Refund on Account of Supplies made to SEZ Unit/ SEZ Developer (Without Payment of Tax)

A. FAQs on Refund on Account of Supplies made to SEZ Unit/ SEZ Developer (Without Payment of Tax) Q.1 How can I get my refund of ITC on account of supplies made to SEZ Unit/ SEZ Developer (Without Payment of Tax)? Ans: You may comply with the activities as specified below: 1. You have to […]...

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Posted Under: Corporate Law |

Benefits To SEZ Entities Under The Income Tax Law

An entrepreneur, who begins to manufacture or produce articles or things or provide any services during the period beginning from 1st April, 2005 to 31st March, 2020, shall be eligible to take a deduction under section 10AA with respect to the export turnover of his unit located in SEZ....

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Posted Under: Corporate Law |

Uniform list of services to be followed in SEZs for IGST Exemption

F.No. D.12/19/2013-SEZ (02/01/2018)

The BoA was appraised that consequent to implementation of GST Act, some State Government are not extending the benefits of IGST exemption for default services, Since, SEZs are exempt from IGST and the above matter was placed before 80th BoA meeting held on 17th November, 2017. The BoA, after deliberations, approved the reiteration of the...

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