Special Economic Zone

Investment in SEZs

As per Rule 53 of SEZ Rules 2006 the SEZ units are under an obligation to achieve positive Net Foreign Exchange (NFE) earnings to be calculated cumulatively for a period of 5 years from the commencement of production. Under Rule 53 certain categories of sales/supplies have also been permitted to be counted towards NFE earnings.… Read More

Tags: Domestic Tariff AreaExportGovernmentInternational tradeMinister of StateMinistry of Commerce & IndustrySEZSpecial Economic Zone

Cenvat Rule 6 – In case of clearances to SEZ units, No reversals are required

CLR Editorial Notes: In this appeal filed by the assessee, the challenge was against a demand raised on the appellant in terms of Rule 6(3) of the CENVAT Credit Rules 2004 for the period from July to December 2008. During the said period, the appellant (a unit in the domestic tariff area) had cleared their products to… Read More

Tags: Andhra PradeshAppealBangaloreCustoms Excise and Service Tax Appellate TribunalElectronic CitySEZSpecial Economic ZoneWipro

Imposition of MAT on SEZs

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 imposition of MAT on SEZs has brought the book profits of SEZ units and developers under the ambit of Sec 115JB of the I-T Act, 1961. The investment in… Read More

Tags: Anand SharmaBusiness process outsourcingCroreInformation technologyMATMinimum Alternate TaxSEZSpecial Economic Zone

Chapter 5 of the Handbook of Procedures (Volume I) of EPCG Scheme as effective from 18 April 2013

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No.01(RE-2013)/ 2009-2014 NEW DELHI, DATED THE 18th April, 2013 In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby notifies Chapter 5 of the Handbook of… Read More

Tags: Anand SharmaEPCGExportExport Promotion Capital GoodsGovernment of IndiaNew DelhiSchemeSpecial Economic Zone

DGFT – Amendments in Chapter 4 of the Foreign Trade Policy 2009-2014.

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 02 (RE-2013)/ 2009-2014 NEW DELHI, DATED THE 18th April, 2013 In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.2 of… Read More

Tags: File Transfer ProtocolFTPGovernment of IndiaMinistry of Commerce and Industry (India)New DelhiRegulationSpecial Economic ZoneUnited States Department of Commerce

Foreign Trade Policy 2009-14 – Highlights of Annual Supplement (2013-14)

Highlights of Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14 Announced by Shri Anand Sharma 1. Measures to revive investors™ interest in SEZs. 1.1 A package of measures has been formulated to revive investors™ interest in SEZs and to boost exports. The salient features of the package are:- (i) In view of the acute… Read More

Tags: Anand SharmaCommercial policyExportFocus Market SchemeIndiaMinistry of TextilesSEZSpecial Economic Zone

SEZs Draft Guidelines to regulate functioning of worn and used clothing units

No. D.6/35/2012-SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division Udyog Bhawan, New Delhi Dated. 3rd April, 2013 To: 1. All Ministry/Department of Government of India 2. All Chief Secretaries of State Government 3. All Zonal DCs 4. EPCES Subject: Draft Guidelines to regulate functioning of worn and used clothing units… Read More

Tags: Directorate General of Foreign TradeDomestic Tariff AreaGovernment of IndiaNew DelhiSEZSEZ ActSpecial Economic Zone

DGFT Amendment Notification relating to export of edible oils

(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No 39(RE 2012)/2009-2014 New Delhi, Dated : 25th March, 2013 Subject: Amendment in Notification No 32(RE-2012)/2009-14 dated 5th February, 2013 relating to export of edible oils. S.O.(E)   In… Read More

Tags: Cooking oilDGFTDomestic Tariff AreaElectronic data interchangeFebruary 2013LCSNew DelhiSpecial Economic Zone

Clarification regarding TED Refund where TED exemption is available

Government of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi Policy Circular No. 16 (RE-2012/2009-14) Dated: 15th March, 2013 To,                All Regional Authorities            All Development Commissioners, SEZ.         Subject : Clarification regarding TED Refund where TED exemption is available. It has come to the notice of this Directorate… Read More

Tags: DGFTExciseFile Transfer ProtocolGovernment of IndiaNew DelhiRegional Authorities in IrelandSpecial Economic ZoneTED

Report on SEZs notified under SEZ Act, 2005

In addition to seven Central Government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005,  formal approval has been accorded to 577 proposals out of which 385 SEZs have been notified. A total of 166 SEZs are exporting. Statement containing State-wise distribution of SEZs is annexed. Setting… Read More

Tags: Board of ApprovalSEZ ActSpecial Economic Zone

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