PROVIDE ME what benefit are available to SEZ Unit

This query is : Resolved

rohitjhanwar (Querist)
Follow

24 March 2009 Please PROVIDE ME what benefit are available to SEZ Unit in different Act or please provide me in what section of different acts benefit are available to SEZ unit.

Thanks & Regards

Rohit Jhanwar

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

24 March 2009 Benefits in Sez
Incentives and facilities offered to the SEZs to Units
The incentives and facilities offered to the units in SEZs for attracting investments into the SEZs, including foreign investment include:-

Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units
100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
Exemption from minimum alternate tax under section 115JB of the Income Tax Act.
External commercial borrowing by SEZ units upto US $ 500 million in a year without any maturity restriction through recognized banking channels.
Exemption from Central Sales Tax.
Exemption from Service Tax.
Single window clearance for Central and State level approvals.
Exemption from State sales tax and other levies as extended by the respective State Governments.
The major incentives and facilities available to SEZ developers include:-

Exemption from customs/excise duties for development of SEZs for authorized operations approved by the BOA.
Income Tax exemption on export income for a block of 10 years in 15 years under Section 80-IAB of the Income Tax Act.
Exemption from minimum alternate tax under Section 115 JB of the Income Tax Act.
Exemption from dividend distribution tax under Section 115O of the Income Tax Act.
Exemption from Central Sales Tax (CST).
Exemption from Service Tax (Section 7, 26 and Second Schedule of the SEZ Act).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now