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Govt considering several measures to help revive special economic zones

The aim is to help revive SEZs and facilitate business transactions between SEZ and domestic tariff area (DTA) or the domestic market. SEZs are enclosures which are treated as foreign territories for trade and customs duties, with restrictions on duty-free sales outside these zones in the domestic market.

Slew of changes to SEZ Act likely in Winter Session

Slew of changes to SEZ Act likely in Winter Session
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desh: Centre may junk DESH Bill, amend SEZ Act - The Economic Times

The ministries of finance and commerce & industry have been in discussions on the DESH bill for more than a year. Partial de-notification of zones, sales to DTA, concessional corporate tax for them and removal of net foreign exchange earning requirement have been some of the sticky issues between the two ministries.

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