SEZ - Page 16

SEZ applications to go online

The Department of Commerce has completed most of the procedures related to setting up special economic zones online to streamline various operations regarding these industrial enclaves.These steps will not only help the developers of the tax-free zones apply through a website but will enable them to track the status of their applications ...

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Posted Under: Finance |

Export proceeds can now be realised in 12 Months as against 6 Months earlier

RBI/2007-08/354 A. P. (DIR Series) CIRCULAR NO 50 /RBI. (03/06/2008)

Reserve Bank has been receiving representations from Exporters / Trade bodies to extend the period of realisation of export proceeds in view of the external environment. It has, therefore, been, in consultation with Government of India, announced in the Annual Policy Statement for the Year 2008-09 (para 134) to enhance the present period ...

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No export obligation burden on SEZs

There is good news in store for SEZ units. The government is likely to put on hold its plan of placing an export obligation on units operating in SEZs. The commerce department has suggested to the finance ministry that the government should consider imposing an export obligation only if exports from such zones fall below a threshold limit...

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Posted Under: Finance |

Comparison of fiscal benefit available to SEZ, SEZ developer & 100% EOU

Units undertaking to export their entire production of goods and services except to the extent of permissible sales in the DTA. Second hand capital goods, without any age limit, may also be imported duty free....

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Posted Under: Finance |

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