Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Govt Gives Extra Time to 18 SEZ Developers to Execute Projects.


Date: 19-11-2010
Subject: Govt Gives Extra Time to 18 SEZ Developers to Execute Projects
The Board of Approval (BoA), an inter-ministerial body that deals with SEZs and related issues, also allowed six developers to surrender their tax free enclaves. Ajanta Projects (India) Ltd, which had requested to surrender its two SEZs cited global economic slowdown and uncertainty regarding applicability of various provisions of Direct Tax Code as primary reason for the move.

Tata Consultancy Ltd had requested for additional time for its sector specific SEZ for IT/ITeS in West Bengal, a senior commerce ministry official said. Gitanjali Gems Ltd has got extension for the second time for its sector specific SEZ for Gems & Jewellery at Panvel, Maharashtra, he said.

Interest in SEZs, which give substantial tax benefits to units and developers, is on the decline, as the draft Direct Taxes Code (DTC) of the government proposes to curtail the sops. The DTC Bill, if cleared by Parliament, will overhaul the country's Income Tax Act.

SEZs have emerged as a major source for attracting investment and increasing exports. The BoA headed by Commerce Secretary Rahul Khullar also approved two proposals to set up a IT/ITeS and a handicraft tax free zone. Direct employment in SEZs is pegged at 5.5 lakh people and the zones have attracted investments in excess of Rs 1.66 lakh crore.

Exports from the 122 operational SEZs in the country during April-September 2010-11 grew by 56 per cent to Rs 1,39,841 crore during over the year-ago period.

Source : deccanherald.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001