Special Economic Zones

Special Economic Zones News

Rajya Sabha passes Bill to allow trusts to apply for SEZs

The Special Economic Zones (Amendment) Bill, 2019, will replace an ordinance that was promulgated in March, just days before the announcement of the polls.

Special economic zones — Major challenges: Multiple models, unutilised land and additional taxes

Issues such as under-utilisation of existing capacity, disadvantage on domestic sales due to application of full customs duty and imposition of taxes including income tax for new SEZs were highlighted in a presentation by officials before the commerce minister.


Board of Approval clears de-notification of 81 Special Economic Zones

In a separate reply, Commerce and Industry Minister Nirmala Sitharaman said representations have been received from exporters/growers associations regarding alleged import of low quality pesticide contaminated pepper from Vietnam through Sri Lanka.

State SEZs fail CAG test, on all counts

‘Only 34,999 jobs created in 19 operational SEZs in the state against the promised four lakh; export, revenue too way short of targets’

State plans Bill to crack down on developers hoarding SEZ land

Govt has proposed that land acquired for SEZ, if not developed within a certain time-frame, will be taken back and used for providing affordable housing.

FinMin seeks public comments on framework of finance SEZs

The move comes at a time when the finance ministry and the RBI are already finalising the modalities for operationalisation of similar services at the GIFT City.


Fast-track resolution of SEZ issues : PMO to ministries

Urges commerce and finance ministries to resolve the dividend distribution tax and minimum alternate tax issues at the earliest.

Developers benefited through de-notified SEZs: CAG

Many tracts of land acquired were not serving the objectives of the SEZ Act, it added.

‘Need to amend SEZ rules to boost pharma exports’

In the absence of a NOC, the customs officers refuse to issue ‘let export order’ (LEO).

Sitharaman: Dual use norms for SEZ land coming soon

In the first quarter of 2014-15, exports stood at Rs 1,21,637 crore, up 7.36 per cent during the corresponding year ago period.