SEZ Act do not provide for merger or amalgmation of two SEZ units. However, Board of Approval has started allowing such corporate events on case to case basis. In January 2013, IT department has also issued a circular to bring in clarity on this aspect.
For regular updates on SEZ law and other indirect taxes, visit site
https://www.indiataxfin.com/
Subscribe your email in the site or like the facebook page for regular updates on Tax and Finance
Leave a Reply
Your are not logged in . Please login to post replies