Goods and Services Tax : Conclusion This article delves into various transactions related to an SEZ entity. The article has been prepared keeping in min...
Goods and Services Tax : Critical analysis of the 55th GST Council meeting recommendations on ITC rules, vouchers, SEZ trade, hotel services, used cars, an...
Goods and Services Tax : Key GST compliance tasks for FY 2023-24 before filing October 2024 returns, including ITC, e-invoicing, reconciliations, and rever...
Goods and Services Tax : Explore GST compliance for SEZs, including zero-rated supplies, invoicing, and documentation. Understand SEZ tax benefits and refu...
Goods and Services Tax : Get the latest updates on GST portal advisories issued in July-August 2024, including changes in registration, refund processes, a...
Goods and Services Tax : GST portal updates, geocoding of principal place of business, user ID generation, registration cancellation, AATO enablement, annu...
Corporate Law : The Special Economic Zones Act will be replaced with a new legislation that will enable the states to become partners in Developme...
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 : Along with IT/ITES Units, Non IT/ITES Units in SEZs have also been allowed to take desktop/laptop outside SEZs to work from home. ...
Corporate Law : Department of Commerce decided to provide relaxations on compliances to be met by units / developers / co‐developers of Special ...
Custom Duty : The Officers found that factory was operational. On being demanded, Sujit Kumar Bera produced all the gold available in the factor...
Custom Duty : The Special Economic Zone (SEZ) unit of Flextronics Technologies (India) Pvt. Ltd. ('Flextronics SEZ unit’) imported the goods, ...
Income Tax : Madras High Court held that lease rent received from letting out property in industrial park is chargeable to tax under the head ...
Custom Duty : Delhi High Court held that rejection of Merchandise Exports from India Scheme (MEIS) benefit merely because amended shipping bills...
Corporate Law : Bombay High Court held that if the party is able to show the proof of supply to SEZ Unit, then non-submission of “Bill of Export...
Finance : IFSCA introduces a Single Window IT System for application processing in GIFT IFSC, simplifying registrations with various regulat...
DGFT : DGFT clarifies that SEZ units can import specific items exempt from recent restrictions under ITC codes as per Policy Circular No....
Goods and Services Tax : Discover the CBIC July 2024 newsletter highlights including NTRS 2024 findings, RoDTEP benefits for SEZs, and a crackdown on gold ...
Custom Duty : Understand the latest SEZ Division clarification for Non-IT/ITES SEZ Units effective from July 1, 2024. Learn about ICEGATE, RODTE...
Corporate Law : Discover the new guidelines for SEZ Developers on procuring and installing solar panels to provide power supply in common areas of...
SEZ : Amendment to the Instruction No. 69 containing guidelines to regulate functioning of plastics/Used clothing units in SEZs INSTRUCTION NO. 74, DATED 31-12-2010 I am directed to refer to Instruction No. 69 dated 4th November, 2010 of this Department on the subject mentioned above. It has been decided to amend para 2(iii) of the […]
SEZ : Creation of Single Window Mechanism for granting various statutory approvals under Environmental and Regulation INSTRUCTION NO. 73, DATED 29-12-2010 The undersigned is directed to enclose a copy of D.O. letter No. 23-16/2009-HSMD, dated 23-11-2010 from Shri Rajiv Gauba, Joint Secretary, Ministry of Environment and Forests along with a copy of minutes of meeting […]
The Department of Commerce, Ministry of Commerce and Industry has issued Instruction Nos. 65 and 66 on 27 October, 2010 and Nos. 67 and 68 on 28 October, 2010 to Development Commissioners (
Section 11 of the Special Economic Zones Act, 2005 – Development Commissioner – Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT & ITES SEZs NOTIFICATION (F.5/15/2010- SEZ), DATED 20-12-2010 In exercise of the powers conferred by sub-section (1) of section 11 of the Special Economic Zones […]
Parliament’s Standing Committee on Finance has criticised the government for not doing a review of the tax exemptions given to Special Economic Zones (SEZs) and an evalutation of the losses due to these. In April, the committee had asked the government for a study group on the issue.The finance ministry, in its response, said it had initiated steps to constitute a study group but wouldn’t say by when.
NOTIFICATION NO. S.O. 2686(E), DATED 29-10-2010 – In exercise of the powers conferred by sub-section (1) of section 11 of the Special Economic Zones Act, 2005, the Central Government hereby rescinds all previous notifications appointing Director, Software Technology Parks of India-Bangalore as Development Commissioner of Information Technology and Information Technology Enabled Services Special Economic Zones, in the State of Karnataka.
The Commerce Ministry today said it will set up a committee to recast the export-oriented unit scheme so that the scheme remain attractive even after the end of tax sops in 2011. “EOUs should be re-modeled because challenges and environment have cha
The SEZs are headed by Development Commissioners (Joint Secretary/Director/Deputy Secretary Level at the Centre) with supportive Customs and Ministerial Staff. Central Government appoints Development Commissioner in one or more Special Economic Zone. [Section 11(1) of the SEZ Act], Central Government also appoints such officers and other employees as it considers necessary to assist the Development Commissioner in the performance of his functions in the Special Economic Zones [Section 11(2) of the SEZ Act].
Guidelines for Development of Special Economic Zones (SEZs) 1. BACKGROUND: India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings experienced in the EPZ format, a Special […]
Instruction No. 67, dated 28-10-2010. The undersigned is directed to say that in order to implement the Custom Notification No. 91/2010, dated 6-9-2010, it has been decided that operation of Rule 47(3) of SEZ Rules, 2006 is kept in abeyance w.e.f. 6-9-2010 till further orders.
