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SEZ

Latest Articles


GST applicability on SEZ Transactions

Goods and Services Tax : Conclusion This article delves into various transactions related to an SEZ entity. The article has been prepared keeping in min...

January 27, 2025 10305 Views 0 comment Print

An in-depth Analysis of recommendations of 55th GST Council meeting

Goods and Services Tax : Critical analysis of the 55th GST Council meeting recommendations on ITC rules, vouchers, SEZ trade, hotel services, used cars, an...

December 27, 2024 2637 Views 0 comment Print

GST action points for FY 2023-24 before filing GST returns for October 2024

Goods and Services Tax : Key GST compliance tasks for FY 2023-24 before filing October 2024 returns, including ITC, e-invoicing, reconciliations, and rever...

October 1, 2024 11043 Views 0 comment Print

GST on SEZ units and SEZ Developers: Key Points and Requirements

Goods and Services Tax : Explore GST compliance for SEZs, including zero-rated supplies, invoicing, and documentation. Understand SEZ tax benefits and refu...

August 27, 2024 5136 Views 8 comments Print

Recent GST Portal Advisories: July-August 2024 Updates

Goods and Services Tax : Get the latest updates on GST portal advisories issued in July-August 2024, including changes in registration, refund processes, a...

August 14, 2024 4428 Views 0 comment Print


Latest News


7 Recent recent updates on the GST portal – June 2023

Goods and Services Tax : GST portal updates, geocoding of principal place of business, user ID generation, registration cancellation, AATO enablement, annu...

June 17, 2023 11883 Views 0 comment Print

New Legislation to Replace Special Economic Zones Act

Corporate Law : The Special Economic Zones Act will be replaced with a new legislation that will enable the states to become partners in Developme...

February 1, 2022 486 Views 0 comment Print

378 SEZs are presently notified, out of which 265 are operational

Income Tax : Ministry of Commerce & Industry 378 SEZs are presently notified, out of which 265 are operational Posted On: 10 MAR 2021 The S...

March 10, 2021 744 Views 0 comment Print

Impact of Corona on Sezs

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. ...

September 16, 2020 393 Views 0 comment Print

Compliances to be met by units / developers / co‐developers of SEZs relaxed

Corporate Law : Department of Commerce decided to provide relaxations on compliances to be met by units / developers / co‐developers of Special ...

March 30, 2020 14307 Views 0 comment Print


Latest Judiciary


Duty payable when goods imported in SEZ are sold to DTA without being used for authorized operations

Custom Duty : CESTAT Delhi held that duty has to be paid when goods imported into an SEZ are not used for the authorised operations but are sold...

March 1, 2025 423 Views 0 comment Print

No confiscation of seized Gold under Customs Act based on invalid Letter Of Approval

Custom Duty : The Officers found that factory was operational. On being demanded, Sujit Kumar Bera produced all the gold available in the factor...

January 21, 2025 117 Views 0 comment Print

Amending non-existing Anti-Dumping Duty notification not sustainable in law: Madras HC

Custom Duty : The Special Economic Zone (SEZ) unit of Flextronics Technologies (India) Pvt. Ltd. ('Flextronics SEZ unit’) imported the goods, ...

November 22, 2024 615 Views 0 comment Print

Lease Rent from Industrial Park Property Taxable as Business Income: Madras HC

Income Tax : Madras High Court held that lease rent received from letting out property in industrial park is chargeable to tax under the head ...

September 21, 2024 633 Views 0 comment Print

Non-reflection of amended shipping bill cannot be reason for denial of MEIS benefit: Delhi HC

Custom Duty : Delhi High Court held that rejection of Merchandise Exports from India Scheme (MEIS) benefit merely because amended shipping bills...

September 6, 2024 381 Views 0 comment Print


Latest Notifications


‘Jan-Sunwai’ for redressasl of grievances of SEZ stakeholders

Corporate Law : Instruction No. 118 mandates weekly Jan-Sunwai sessions via VC for SEZ grievance redressal, ensuring timely resolutions and monthl...

February 19, 2025 99 Views 0 comment Print

Single Window IT System for Registrations & Approvals from IFSCA, SEZ, GSTN, RBI, SEBI, & IRDAI

Finance : IFSCA introduces a Single Window IT System for application processing in GIFT IFSC, simplifying registrations with various regulat...

September 30, 2024 564 Views 0 comment Print

Clarification on SEZ Import Restrictions by DGFT

DGFT : DGFT clarifies that SEZ units can import specific items exempt from recent restrictions under ITC codes as per Policy Circular No....

September 19, 2024 801 Views 0 comment Print

CBIC Newsletter July 2024: NTRS Report, RoDTEP for SEZs & Gold Smuggling Bust

Goods and Services Tax : Discover the CBIC July 2024 newsletter highlights including NTRS 2024 findings, RoDTEP benefits for SEZs, and a crackdown on gold ...

July 22, 2024 654 Views 0 comment Print

ICEGATE Implementation at non IT/ITES SEZs from 01.07.2024 – Clarification

Custom Duty : Understand the latest SEZ Division clarification for Non-IT/ITES SEZ Units effective from July 1, 2024. Learn about ICEGATE, RODTE...

June 29, 2024 2367 Views 0 comment Print


I-T Department searches at Anand Jain’s home, offices

March 6, 2009 621 Views 0 comment Print

The I-T search was conducted simultaneously at Jain’s residence at Sterling Apartments and Jai Corp.’s corporate office at Embassy Centre, Nariman Point, as well as its office at the Navi Mumbai SEZ The investigation wing of the income tax (I-T) department in Mumbai on Thursday searched the offices and residence of Anand Jain, chairman of […]

SEZ developers and units allowed exemption from service tax

March 6, 2009 151955 Views 0 comment Print

It’s a move that is bound to raise the hackles of the special economic zones (SEZ) lobby. On Tuesday, the Finance Ministry came out with a new notification on the levy of service tax for SEZ developers and units. As per the new norms, SEZ developers and units will get an exemption on service tax. […]

Special Economic Zones (SEZ) units and developers can now claim refund of tax paid on Input Service

March 6, 2009 834 Views 0 comment Print

Special Economic Zones (SEZ) units and developers will now be able to claim refund for tax paid on all input services, irrespective of whether they are consumed inside or outside the zone. The government’s decision to refund taxes implies that all developers and units in SEZs will now have to first pay a tax on […]

Income-Tax department is scrutinising companies that have set up subsidiaries or units in SEZ

February 8, 2009 289 Views 0 comment Print

The Income-Tax department is scrutinising companies that have set up subsidiaries or units in special economic zones (SEZ) after it foundthat many of these firms were using their SEZ operations as a vehicle for claiming undue tax benefits. The modus operandi adopted by a number of companies is to manipulate the accounts to transfer the […]

Tax relief for IT firms; 100% I-T Waiver for SEZs Set up under Parent Cos

January 18, 2009 240 Views 0 comment Print

In a move that will significantly ease the tax burden on India’s biggest information technology companies, the government has decided to amend the law relating to tax exemption for units operating out of special economic zones (SEZs). SEZs set up by IT majors like Infosys, Wipro and Tata Consultancy Services (TCS) under the parent companies […]

Ramalinga Raju Empire extends to 40 companies

January 18, 2009 324 Views 0 comment Print

The Ramalinga Raju empire is much wider than what it was originally thought to be. Investigations now show that the Raju family had spawned more than 40 companies in the last 15 years. A majority of these companies — spread across 10 states — sprang up in the last four years and most of them […]

SEZs: ARE THESE SPECIAL (OR SICK) ECONOMIC ZONES?

January 1, 2009 549 Views 0 comment Print

 Somesh Arora, Commissioner of Customs (Rtd) THE party time for Special Economic Zones may well be over before it has actually begun. With that will be over the worry lines for Revenue Department, which was spending sleepless nights over purported loss of revenue because of more than 500 approved zones and more than 250 already […]

SEZ applications to go online

November 29, 2008 432 Views 0 comment Print

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 in real time.

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

June 3, 2008 4319 Views 0 comment Print

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 of realization and repatriation to India of the amount representing the full export value of goods or software exported, from six months to twelve months from the date of export, subject to review after one year.

No export obligation burden on SEZs

November 22, 2007 604 Views 0 comment Print

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 in the coming years. While the government was deliberating making it compulsory for all SEZs to export 51% of what they produce, the present average export figures of SEZs is much higher at 82%.

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