‘New SEZ norms likely in a month’

The Central government is likely to revise the Special Economic Zone (SEZ) policy within a month.

Written by Express News Service | Kolkata | Published: July 27, 2012 3:47:45 am

The Central government is likely to revise the Special Economic Zone (SEZ) policy within a month,said Union Commerce Secretary SR Rao in Kolkata on Thuersday. “We are trying to harmonise the current SEZ policy and rules that have not served the purpose,and trying to remove irritants to the investors and we are also trying to bring in some more rules where government finds that the revenue sources are leaking. So,we are trying to broad base all these things,remove transaction cost both for the government and the investors,” Rao said.

The SEZs lost popularity after the government imposed certain levies — Minimum Alternative Tax and Dividend Distribution Tax — and proposed to take away tax incentives.

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