The amid expectations of the Special economic zones with respect to the tax concessions may not have found a way in the Budget but the Government is working on the comprehensive package which is currently in pipeline for the SEZ’s for granting various incentive schemes and exemptions to boost the investments, exports and overall economic activity.
Further,the Commerce Department is in regular consultations with the Ministry of Finance for the revival of the zones and to make a fresh proposal for granting exemptions with respect to Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) and is very much hopeful that it would be in the favor for such zones.
A resource has emphasized that the Commerce department officers are discussing various possibilities with the revenue department to ensure that some of the unused infrastructure, such as schools and other places located in such zones are used by the persons in that area so that the investment facilities should not get ruined at any point of time.
Hopefully, it would be structured, organised and released with positive aspects contained for the zones before the coming up of the first Foreign Trade Policy of the new government.
