Special Economic Zone (“SEZ”) constitutes a defined and delineated duty-free zone that is governed by SEZ Policy. A SEZ is treated as a deemed foreign territory even though it is physically located within India. SEZ has been used as developmental measure to promote foreign investments into India, by offering tax and other fiscal incentives. The SEZ policy was introduced in April 2000, as a part of the Export-Import policy.
This note summarises the benefits to establish a presence with a notified SEZ namely Customs, Banking and financing benefits, labour, income tax, GST, Environment clearances and other exemptions and benefits.
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