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| Facilities for SEZ Developers |
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- Developer of SEZ may import/procure goods without payment of duty for the development, operation and maintenance of SEZ.
- Income tax exemption for a block of 10 year in 15 years at the option of developer as per section 80-IA of the Income Tax Act read with Appendix 14-II-N of Handbook of Procedure.
- Full freedom in allocation of developed plots to approved SEZ units on purely commercial basis.
- Full authority to provide services like water, electricity, security, restaurants, recreation centers etc. on commercial lines.
- Foreign investment permitted to develop township within the SEZ with residential areas, markets, play grounds, clubs, recreation centers etc.
- Develop Standard Design Factory (SDF) building in exiting Special Economic Zones. Guidelines at Appendix 14-II-N
- Income Tax exemption to Investor's in SEZ's under section 10 (23) G of Income Tax Act.
- Exemption from Service Tax
- Investment made by individuals etc. in SEZ Company also eligible for exemption u/s 88 of IT Act.
- Development promoted to transfer infrastructure facility for operations and maintenance u/s 80-I-A of IT Act.
- Generation, Transmission and Distribution of Power in SEZs allowed.
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| For detailed information on Draft SEZ Bill 2004 log in to www.sezindia.nic.in |
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