SEZ

Open Letter on issues in Supplies to SEZ Units / Developers with Suggestions

Goods and Services Tax - Issue – 1 : All Suppliers to SEZ Units / SEZ Developers Need to Compulsorily Register under GST- Supplies to SEZ Units / SEZ Developers is treated as Inter-State Transaction as per provisions of Sec 7(5) of IGST Act, 2017. Therefore all such suppliers are Compulsorily Registration under GST irrespective of their Turnover as per Sec 24...

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Supply To SEZ Under GST Regime

Goods and Services Tax - By following the above principle of destination based taxation exports continue to remain zero rated and a similar benefit continues to be given to Special Economic Zones (SEZs) under GST law. While this benefit is extended to processing zones of the SEZs, sales from SEZ to Domestic Tariff Area (DTA) continue to remain taxed under GST sys...

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Supply of Services to SEZ Unit / SEZ Developer

Goods and Services Tax - Defining export of service has been very tricky due to intangible nature of service transaction and contradictory provisions in GST Law. Due to this nature of services, there has been constant confusion regarding meaning of export of services and its ramifications in various types of transactions. Let us discuss here one such case of supp...

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SEZ Act 2005 vis-à-vis GST Act 2017

Goods and Services Tax - Notification 18/2017 – of IGST rates - exempts services imported by a unit or a developer in the Special Economic Zone for authorised operations, from the whole of the integrated tax leviable thereon under section 5 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017). No IGST on the import of services by the SEZ unit or devel...

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IGST refunds DTA vs SEZ transactions

Goods and Services Tax - The article primarily deals with the procurements made by the SEZ units from the DTA suppliers and the tax ability thereon. It contains a summarized procedure for availing supplies at zero rate of tax by the SEZ units and also discusses the refund mechanisms available in the hands of the supplier. ...

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GST-a real major incentive for making investments in SEZs

Goods and Services Tax - 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

Goods and Services Tax - 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

Goods and Services Tax - 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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Role of IT Sector is Crucial to Promote E-Governance – FM

Goods and Services Tax - FM: Role of IT Sector is Crucial in Order to Promote E-Governance for Empowering Citizens; to Promote the Inclusive and Sustainable Growth of the Electronics, IT and ITeS Industries and Enhancing India’s Role in Internet Governance...

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MoC urges Finance Minister to restore MAT and DDT exemption to SEZ

Goods and Services Tax - As per the original provisions under the Special Economic Zones (SEZs) Act, 2005 and Rules, 2006, exemption from Minimum Alternate Tax (MAT) in the case of SEZ Developers and Units as also the exemption from Dividend Distribution Tax (DDT) for SEZ Developers were granted....

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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, 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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Guide for power Generation, Transmission & Distribution in SEZs

No.P.6/3/2006-SEZ (vol.111) - (16/02/2016) - Power Guidelines for power Generation, Transmission and Distribution in Special Economic Zones (SEZs) were issued on 27th February, 2009 and subsequently replaced by the guidelines issued on 21st March, 2012.These guidelines were further reviewed and guidelines dated 21st March, 2012 were withdrawn ...

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Simplification of SEZ Rules- Inter Unit Transfers – regarding

84/SEZ, - (16/04/2015) - Instruction No. 84/SEZ, Dated : April 16, 2015 With a view to promote the ease of doing business further, it is advised that SEZ Units are now allowed to remove goods for repair, replacement, testing, calibration, quality testing and research and development purposes also on selfattestation basis un...

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Recent Posts in "SEZ"

Open Letter on issues in Supplies to SEZ Units / Developers with Suggestions

Issue – 1 : All Suppliers to SEZ Units / SEZ Developers Need to Compulsorily Register under GST- Supplies to SEZ Units / SEZ Developers is treated as Inter-State Transaction as per provisions of Sec 7(5) of IGST Act, 2017. Therefore all such suppliers are Compulsorily Registration under GST irrespective of their Turnover as per Sec 24...

Read More

Supply To SEZ Under GST Regime

By following the above principle of destination based taxation exports continue to remain zero rated and a similar benefit continues to be given to Special Economic Zones (SEZs) under GST law. While this benefit is extended to processing zones of the SEZs, sales from SEZ to Domestic Tariff Area (DTA) continue to remain taxed under GST sys...

Read More

Supply of Services to SEZ Unit / SEZ Developer

Defining export of service has been very tricky due to intangible nature of service transaction and contradictory provisions in GST Law. Due to this nature of services, there has been constant confusion regarding meaning of export of services and its ramifications in various types of transactions. Let us discuss here one such case of supp...

Read More

SEZ Act 2005 vis-à-vis GST Act 2017

Notification 18/2017 – of IGST rates - exempts services imported by a unit or a developer in the Special Economic Zone for authorised operations, from the whole of the integrated tax leviable thereon under section 5 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017). No IGST on the import of services by the SEZ unit or devel...

Read More

GST-a real major incentive for making investments in SEZs

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....

Read More

IGST refunds DTA vs SEZ transactions

The article primarily deals with the procurements made by the SEZ units from the DTA suppliers and the tax ability thereon. It contains a summarized procedure for availing supplies at zero rate of tax by the SEZ units and also discusses the refund mechanisms available in the hands of the supplier. ...

Read More

DGFT: Can manipulation be termed as Export Promotion

DGFT exists as on date & the DGFT is the policymaker & Customs simply an implementer. However, under the new GST regime, there seems that the authority of the DGFT is totally undermined as if that authority does not exist anymore. However, it appears that the DGFT in itself has brought upon them this situation....

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‘SEZ India’ app launched by Commerce Ministry

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. ...

Read More

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...

Read More

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....

Read More
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