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Five developers approach govt with SEZ cancellation plea

Five developers approach govt with SEZ cancellation plea

Five special economic zone (SEZ) developers including Abex Infocom have approached the government to surrender their IT sector tax-free zones

Grant 5-year tax holiday to manufacturing units in SEZs: CII to Govt

Industry body CII has demanded a one-time 100 percent income tax holiday of five years for manufacturing units in special economic zones, saying that the government's decision to impose MAT and DDT was not conducive for practical viability of units operating in SEZs.

Commerce Ministry hopes for SEZ tax benefits in Budget 2016

Commerce Ministry hopes for SEZ tax benefits in Budget 2016

The Commerce Ministry has suggested the removal of minimum alternate tax (MAT) on these zones in the Budget.

 

Withdrawal of SEZ tax sops to hit exports, jobs: Trade body

The government should not withdraw any tax incentives from special economic zones as it might adversely impact exports and job creation, EPCES, a trade promotion body, Tuesday said.

Govt cancels 22 SEZs, gives more time to 27 to execute projects

The government has cancelled approvals of 22 special economic zones, including that of Tamilnadu Industrial Development Corporation and True Developers, as no "satisfactory" progress was made to execute the projects.

Mahindra Lifespaces, Sumitomo Corp tie up for industrial park

Both the companies will jointly be investing around Rs 375 crore with combination of debt and equity, which is likely to be equal.

Insurers allowed to set up offices in SEZs

Domestic and foreign insurance companies have been allowed to set up IFSC Insurance Office in special economic zones if they meet certain conditions.

Govt eyes $900 billion exports by 2020; sops for exporters in FTP

Unlike the annual reviews of the past, the FTP will be reviewed after two-and-half years to ensure continuity in the trade policy.

Commerce Ministry to take steps to improve ease of doing biz for SEZs

As the removal of MAT and DDT is unlikely, the Commerce Ministry has initiated the exercise to facilitate ease of doing business for special economic zones (SEZs) to revive the interest of investors.

Govt foregoes Rs 28K cr revenue to boost exports from SEZs

The government has foregone Rs 27,956 crore revenue during the last three financial years to boost exports from special economic zones (SEZs), Parliament was informed Wednesday.

SEZ board to meet after five months on Feb 20

After a gap of about five months, the Board of Approval (BoA) headed by Commerce Secretary Rajeev Kher will take up different proposals related to special economic zones in the country on February 20.

Govt may cancel SEZs of Hindalco, Essar, Adani

Government is likely to cancel the approvals granted by it to nine companies including Hindalco Industries, Essar and Adani for setting up of special economic zones as no work has been done to execute the projects.

SEZs to get fresh fillip under Modi government, says Minister

Special Economic Zones have not performed to their full potential in the past ten years and so the NDA government is planning to tweak policies to make them more productive and viable, said Union Minister of State for Commerce and Industry Nirmala Sitharaman on Saturday.

India's exports to reach $750 billion by 2018-19: FIEO

India's exports are expected to reach USD 750 billion by 2018-19 with improvement in the global trade scenario, apex exporters body FIEO said on Thursday.

Govt cancels 27 SEZs; gives time to 18 to execute projects

The government has cancelled its approvals to 27 special economic zones, including Emaar MGF Land Ltd and SAIL Salem SEZ, while giving more time to 18 others to execute their projects.

Special Economic Zones will be strengthened: Arun Jaitley

Union Finance Minister Arun Jaitley on Thursday said the government is committed to revive the Special Economic Zones (SEZs).

Govt to extend benefits of SEZ, NIMZ to industrial parks

India has agreed to extend the benefits of special economic zones (SEZ) and National Investment and Manufacturing Zones (NIMZ) to the proposed industrial parks which would be developed in collaboration with China.

Commerce Min amends norms to prevent misuse of SEZ land

Developers seeking to surrender Special Economic Zones will have to give an undertaking that the land will be used in accordance with the recently amended guidelines so as to prevent its misuse.

8 developers to surrender SEZs; 13 asks for more time

These requests will be considered by the 19-member Board of Approval (BoA), Chaired by Commerce Secretary S R Rao, at its meeting on August 30.

Govt eases land requirement norms for SEZ

The government Monday relaxed SEZ rules concerning minimum land requirement and sale of units to make the scheme more attractive for investors.