What is the meaning of SEZ????
Goods Produced/manufactured inSEZ are exempt from excise duty.......
Any one tell me what is the reason behind it????
Menu
SEZ
Replies (1)
SEZ stands for Special economic zones. The units in these zones are considered to be units as outside India and any goods suppled to them is considered to be an export.
When someone supplies goods to an SEZ unit it is assumed that it is an export that is why the goods supplied to the SEZ are supplied duty free, same way when you actually export the good outside india.
Recent Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
