LIVE GST Audit Course by CA Sachin Jain. Register Now!!

Special Economic Zone

Rahul (CA Practice ) (1818 Points)

05 February 2008

Are Provisions relating to Special Economic Zone Ommited from Custom act

Reply
Follow
Share

7 Replies

Ashutosh Mishra (Service) (125 Points)
Replied 05 February 2008

No Dear.

Ramesh Kothari (Manager-EOU commercial) (161 Points)
Replied 10 February 2008

The SEZ provision cant be ommited from the Customs as it is governing body for day to day operastion of SEZ Regds Ramesh Kothari

Shaily Jain (Chartered Accountants) (1054 Points)
Replied 11 February 2008

no its not omitted.....who have told u

Aditya M (Student) (166 Points)
Replied 12 February 2008

YES.. As per Section 99 of the Finance Act, 2007 Chapter XA has been omitted from the Customs Act, 1962. Now the SEZ Act, 2005 is the law governing SEZs.

(Guest)

Yes dear, there are no provisions relating to SEZ in customs ACt or even in FTP. Now SEZ Act is the comprehensive legislation on all SEZ matters

(Guest)

Sri City Special Economic Zone offers a strategic location to global companies for the establishment of services and trading operations in India. Envisaged as a business destination that benchmarks with the best in the world, Sri City will provide industrial and support business infrastructure, designed to raise the bar on every parameter of quality standards. Spread over 5000 acres, this business city is set to arrive on the global investment map with the twin benefits of an SEZ and an adjoining Domestic Tariff Area for the creation of a supplier base. These business zones will be supported by a social infrastructure zone that encompasses living quarters for employees with all support amenities. View Information - https://www.sricity.in