SEZ - Page 5

Harmonization of Rules, formats & fees in all SEZs

The Ministry of Commerce and Industry, Department of Commerce vide SEZ Division Letter in D.12/25/2012-SEZ, dated October 28, 2014, has harmonized the Rules, formats and fees in all the SEZs formats by standardizing the following procedures for adaption in all Zones:...

Read More
Posted Under: Corporate Law |

Digitalization of applications/permissions by SEZ Units/ Developers

As part of ‘Ease of Doing Business’ initiative of Department of Commerce (DOC), following transactions were identified by DOC as important applications made by SEZ units and Developers to Development Commissioner’s office and DOC for various Approvals/intimations/reporting. DOC had requested NDML to develop and deploy online sub...

Read More
Posted Under: Corporate Law |

A Brief synopsis on Special Economic Zones (SEZ)

Brief Highlights about SEZs Special Economic Zone schemes provides for setting up of SEZs, which have been introduced by the Indian Government with the basic idea of providing the world class infrastructure and other facilities which are required for successful growth of the business and thereby growth of the economy. These are treated as...

Read More
Posted Under: Corporate Law |

Guidelines on implementation of suo-motu disclosure under RTI Act, 2005

No.1/6/2011-IR (22/09/2014)

It was required that each Ministry/Public Authority should get its proactive disclosure package audited by third party every year and such audit should be communicated to the CIC through publication on their own website. It has been noticed that most of the Ministries/Public Authorities have not yet got their proactive disclosure package ...

Read More

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

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....

Read More
Posted Under: Corporate Law |

Further Amendment in Exemption from Service Tax/Refund of Tax Paid by SEZ –Developers/Units after Final Budget 2014-15

Before discussing Notification No. 7/2014 –Service Tax dated 11-07-2014 came in response to Budget Speech of Shri Arun Jaitley, finance minster under Prime minister ship of   Shri Narendra Modiiji. I would like to bring to your attention previous position for exemption from Service Tax/Refund of tax paid by Special Economic Zones – ...

Read More
Posted Under: Corporate Law |

Special Economic Zones-Notifications/Exemptions Withdrawn

Amendments by Finance Act, 2011 to withdraw exemption from MAT & Dividend Distribution Tax to SEZ developers/units are not unconstitutional. In the impugned amendment it is made clear that it is prospective in nature. Therefore the impugned amendments can neither be said unreasonable or arbitrary....

Read More
Posted Under: Corporate Law |

Amendment in Exemption from Service Tax/Refund of Tax Paid by SEZ –Developers/Units

Central Board of Excise and Customs, Ministry of Finance has rescinded Notification No. 40/2012-ST dated 20th June 2012 and introduced new Notification No. 12/2013-ST dated 01-07-2013. 1. As per this Notification where the specified services received by the SEZ unit or the Developer are used exclusively for the authorised operations, the ...

Read More
Posted Under: Corporate Law |

Effect of MAT on SEZ on Investors

The provisions of Minimum Alternate Tax (MAT) have been made applicable to Special Economic Zone (SEZ) Developers and Units with effect from 1st April, 2012. The SEZ sector has seen a sharp slowdown due to a number of reasons including withdrawal of exemption from MAT and Dividend Distribution Tax (DDT) provisions, uncertain fiscal regime...

Read More
Posted Under: Corporate Law |

India Do not have the Concept of Tax Free Zones

There is no concept called Tax Free Zones as such in operation. However, there are schemes like Special Economic Zones (SEZs) and Export Oriented Units (EOUs) which provide tax exemptions. Both above schemes are administered by the Department of Commerce. ...

Read More
Posted Under: Corporate Law |

Browse All Categories

CA, CS, CMA (4,438)
Company Law (5,279)
Custom Duty (7,558)
DGFT (4,090)
Excise Duty (4,317)
Fema / RBI (3,944)
Finance (4,105)
Income Tax (31,600)
SEBI (3,295)
Service Tax (3,506)

Search Posts by Date

January 2020
M T W T F S S
« Dec    
 12345
6789101112
13141516171819
20212223242526
2728293031