What is the difference between Free Trade Zone, Special Economic Zone, and Export Oriented Unit?
What is the difference between Free Trade Zone, Special Economic Zone, and Export Oriented Unit?
Keshav
(chartered accountant)
(286 Points)
Replied 27 June 2011
Viren
(Chartered Accountant)
(137 Points)
Replied 27 June 2011
FTZ- Now it is not exist, and refer as SEZ since 2005.
SEZ - It is a special economix Zone which is regulated by SEZ Act 2005 and One Zone created by Developer and Inside that Zone all Units established are allowed to trade International or within that trade but not to the local market.i.e Pure Expoer Oriented.
EOU - A Unit which satisfy certain conditions as defined by Central government to be called as EOU which is Export Oriented. Need not be necessary that these Unit is 100% EOU.
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