pecial Economic Zones or SEZs are delineated duty free zones, integrating all 

requirements
for creating a conducive environment for exports. For example they will provide quality infrastructure
attracting companies to invest. Further, fiscal benefits provided to both the developer and the units of
the SEZ will reduce operating costs and prevent export of taxes. 
Whether SEZs are likely to lead to fiscal ruin or not depend on how they are designed and
perceived. The phenomenon of SEZ truly reflects the need fro reforms in the administrative of
economic activities. Let it, however, not be converted into inefficient tax heavens again. 
The integrated environments provided by SEZs assist manufacturers/service peoviders achieve
economies of scale resulting in price reduction. Reduced price of products will give India a
competitive advantage in the global export market. Thereby increasing forex earnings. With Tax
benefits for the technology and manufacturing industry phasing out gradually, SEZs offer the next
logical alternative to these industries with large export turnovers. Additionally, benefits extended to
SEZ units should attract foreign investment resulting in the infusion of advanced technology, thereby
improving standards of quality and efficiency in products offered in the export market. 
In this regard one can take a look at growth story in China that has been fuelled by existence of duty
free zones dotting Chinese landscape, offering fiscal concessions and benefits to the manufacturing
industry. Benefits accrued have been passed by Chinese to domestic and global customers resulting
in competitive prices and overall growth of economy. 
In India the new SEZ legislation has exempted all SEZ units from multifarious taxes at central and
state level to help incompetitive pricing of products. Also exemptions from taxes mean lesser
formalities for the exporters. It can be concluded that SEZs with the preferential fiscal policies would
drive exports, create jobs and reduce regional disparities in India.

Special Economic Zone List in India

SEEPZ Special Economic Zone   Kandla Special Economic Zone

SEEPZ, Andheri (East) Mumbai - 400096 KSEZ, Gandhidham, Kachchh
Tel.: +(91)- (22) - 28290856 / 1388 / 0046 / Tel.: +(91)-(2836)-252194/ 273/ 194/ 475/
2147/ 2144 281
Fax: +(91)-(22)-28291385/ 22829175 Fax: +(91)-(2836)-252250
E-mail: dc@seepz.com E-mail: dc@kasez.com
Website: www.seepz.com Website: www.kasez.com
     
Cochin Special Economic Zone   Madras Special Economic Zone ( MEPZ) 
CSEZ, Kakkanad, Cochin - 682030 National Highway - 45
Tel.: +(91)-(484)-2413222/ 3235/ 3111/ 3234 Tambaram, Chennai-600045 
Fax: +(91)-(484)-2413074 Tel.: +(91)-(44)-22628220/ 8230/ 8233
E-mail: dc@csez.com Fax: +(91)-(44)-22628218
Website: www.csez.com E-mail: dc@mepz.gov.in
Website: www.mepz.com
     
Visakhapatnam Special Economic Zone   Falta Special Economic Zone
VSEZ, Duvvada, Visakhapatnam - 530046 FSEZ, M.S.O Building,
Tel.: +(91)-(891)-2754577, 2587555 4th Floor, Nizam Palace, Kolkata - 700020
Fax: +(91)-(891)-2587352 Tel.: +(91)-(33)-22472263/ 7923
E-mail: dc@vsez.com Fax: +(91)-(33)-22477923
Website: http://www.vsez.gov.in E-mail: fepz@wb.nic.in
Website: www.fepz.com
     
Noida Export Processing Zone (NSEZ)    Surat Special Economic Zone
Noida Dadri Road, Phase-II, Noida District, Surat Special Economic Zone
Gautam Budh Nagar-201305 (U.P.)  Diamond Park
Tel.: +(91)-(120)-2562315/ 7270-74 Sachin Surat-394230
Fax: +(91)-(120)-2562314/ 7276 Tel.: +(91)-(261)-2372733/ 734
E-mail: dcnepz@nda.vsnl.net.in E-mail: maria@bom3.vsnl.net.in
Website: http://www.nsez.gov.in Website: www.sursez.com
     
Manikanchan, Salt Lake SEZ (for gems and   Indore Special Economic Zone (Multi-product) 
jewellery)  3/54, Press Complex, Free Press Home
West Bengal Industrial Development H.B. Road, Indore-452008
Corporation Ltd. Tel: +(91)-(731)-257229
5, Council House Street, Kolkata-700001 E-mail: md@sezindore.com
Tel.: +(91)-(33)-22486583, 22101536/ 62-65 Website: www.sezindore.com
Fax: +(91)-(33)-22483737
E-mail: mdbidc@vsnl.com
     
Jaipur Special Economic Zone (Gems and   Mahindra City-SEZ, Chennai (Tamil Nadu) 
Jewellery)  (Information Technology)
Rajasthan State Industrial Development & M/s. Mahindra Industrial Park Ltd. 
Investment Corporation Ltd. Arjay Apex Centre, 24, College Road,
(RIICO) Udyog Bhawan, Tilak Marg Chennai - 600 006
Jaipur-302005  Tel.: +(91)-(44)-28212893 /2894
Tel.: +(91)-(141)-2227751, 5113201 Fax: +(91)-(44)-28212895
Fax: +(91)-(141)-5104804  E-mail: infor@mahindraworldcity.com
E-mail: riico@riico.com Website: www.mahindraworldcity.com
Website: www.riico.com
     
     
Salt Lake Electronic City-SEZ, Kolkata.    Tamil Nadu & Industrial Development Corporation
(Software Development and IT enabled (TIDCO) Ltd.
services) (A Government of Tamilnadu Enterprise)
M/s. WIPRO Ltd., Wipro Infotech, Thapar Nanguneri, Tamil Nadu (Multi-product)
House,  19-A Lakshmipathy Road, Egmore, 
124, Janpath, New Delhi-110011  Chennai-600008 
Tel.: +(91)-(11)-23366997 Tel.: +(91)-(44)-8553729, 8554479-80
Fax: +(91)-(11)-23362145 E-mail: tidco@md3.vsnl.net.in
Website: www.tidco.com
     
Karnataka Industrial Areas Development Board   City& Industrial Development Corporation of
(KIADB) Maharashtra Ltd.
Hassan, Karnataka (Multi-product) Navi Mumbai (Multi-product)
14/3 2nd Floor R.P. Building  Nirmal, 2nd Floor, Nariman Point, Mumbai-
Nrupathunga Road, Banagalore 560 001 400021
Tel.: +(91)-(80)-2215383, 2215069, 2242006, Tel.: +(91)-(22)-2026665, 2021155
2215069 Fax: +(91)-(22)-27571066
Fax: +(91)-(80)-2217702 E-mail : cidsys@giasbm01.vsnl.net.in 
Website: www.kiadb.kar.nic.in Website: www.navimumbaisez.com
     
Export Promotion Council for Handicrafts (EPCH)   Gujarat Infrastructure Development Corporation
Noida, U.P.(Handicrafts) Dahej SEZ, Gujarat, (Multi-product)
Export Promotion Council for Handicrafts EPCH Udyog Bhavan, Block No.4,
House,  Sector 11 Gandhinagar 382017
Pocket 6&7, Sector-C Local Shopping center Tel.: +(91)-(79)-23225805 
Vasant Kunj, New Delhi-110070 Fax: +(91)-(79)-23225815 
Tel.: +(91)-(11)-26135256 E-mail: gmdevad1@sanchamet.in
Fax: +(91)-(11)-26135518/ 19 Website: www.gidc.gov.in
E-mail: ro.epch@spectranet.com &
epch@vsnl.com
Website: www.epch.com
     
Tamil Nadu & Industrial Development Corporation   Mundra Special Economic Zone
Ennore SEZ, Tamil Nadu (Multi-product) Mundra SEZ, Gujarat (Multi-product)
19-A Lakshmipathy Road Adani House, Near Mithakhali
Egmore, Chennai-600008 Six Roads Navarangpura, Ahmedabad - 380 009
Tel.: +(91)-(44)-8553729, 8554479-80  Tel.: +(91)-(79)-25555555, 26555555 
E-mail: tidco@md3.vsnl.net.in Fax: +(91)-(79)-25555604 
Website: www.tidco.com E-mail: Info@mundrasez.com 
Website: www.mundrasez.com
     
M.L. Dalmiya & Company Limited   Adityapur Industrial Area Development Authority
Calcutta Leather Complex, Kolkata (Leather Adityapur - Jharkahand (Multi-product)
products) Adityapur, Jamshedpur - 831 013
32, Shakespeare Sarani Kolkata - 700 017 Tel.: +(91)-(657)-2381691 
Tel.: +(91)-(33)-22404774/ 5575/  Fax: +(91)-(657)-2407693 
6006/ 6216  Website: www.aiadaonline.com
Fax: +(91)-(33)-22472538 
E-mail: mldcal@vsnl.com 
Website: www.dalmiya.com
     
History of sez’s?

The History of SEZs in India suggests that the seeds of the basic concept of Special Economic Zone (SEZ)
were sown in the mid sixties. Further, the History of SEZs in India suggests that the basic model of the
present day Indian Special Economic Zone was structured with the establishment of the first Export
Processing Zone (EPZ) at Kandla in the year 1965. Several other Export Processing Zones were set up at
various parts of India in the subsequent years. The lack of good Government of India economic policy and
inefficient management soon became the detrimental factors for the success of these Export Processing
Zones. Thus, the performance of these Export Processing Zones of India fell short of expectations. 

The modern day Special Economic Zone came in to existence because the economic reforms incorporated
in the early 1990s did not resulted in the overall growth of the Indian economy. The SEZ policy of India
was devised to act as a catalyst to promote the economic growth attained in the early 1990. The economic
reforms incorporated during the 1990s did not produce the desired results. The Indian manufacturing sector
witnessed a sudden dip in the overall growth of the industry, during the second-half of 1990s. The History of
SEZs in India suggests that red tape, lengthy administrative procedures, rigid labor laws and poor physical
infrastructural facilities were the main cause of deterioration of Foreign Direct Investments (FDI) inflow in to
India. Further, the Indian markets were not mature enough to facilitate easy entry of Foreign Institutional
Investors (FIIs) in to the Indian economic system. Furthermore, the legal framework of Indian economy was
not strong enough to prevent misuse of Indian markets by the foreign investors. Thus, the lack of investor
friendly environment in India prevented growth of Indian industry, in spite of implementation of liberal
economic policy by the central government. This resulted in the formation of a much larger and more
efficient form of their predecessors with world-class infrastructural facility. 

The History of SEZs in India suggests that the present day Special Economic Zone policies of India are well
complimented by the provisions of the Acts and Rules of Special Economic Zone. A number of meetings were
held across India for the formulation of - 'The Special Economic Zones Act, 2005', which was subsequently
passed by Parliament in May 2005. The SEZ Act, 2005 and SEZ Rules became effective on and from 10th
February 2006. The SEZ Act 2005 defines the key role for the State Governments in Export Promotion and
creation of infrastructural facilities. A Single Window SEZ approval mechanism has been facilitated through a
19 member inter-ministerial SEZ Board of Approval or BOA. And the decision of the SEZ Board of Approval is
binding and final. 

Some of the important SEZ in India are as follows -

 Karnataka Biotechnology and Information Technology Services - SEZ on biotechnology sector in

Bangalore's Electronics City, over an area of 43 acres

 Shree Renuka Sugars Limited - SEZ on sugarcane processing complex covering 100 hectares,
comprising a sugar plant, power station and distillery, at Burlatti in Belgaum district

 Ittina Properties Private Limited and three other - SEZs in IT sector, covering electronics, hardware
and software sectors in Bangalore, over an area of 15.732 hectares

 Wipro Infotech - SEZ on IT / ITES at Electronics City, Sarajpur Bangalore

 Hewlett Packard India Software Operation Pvt. Ltd. - SEZ on IT

 Food processing and related SEZ services in Hassan, over an area of 157.91 hectares

 SEZs on pharmaceuticals, biotechnology and chemical sectors in Hassan, covering of 281.21

hectares

 SEEPZ - Andheri (East), Mumbai

  Khopata - Multi-product, Mumbai

 Navi Mumbai - Multi-product, Mumbai

 Salt Lake Electronic City, West Bengal

 Manikanchan - Jems and jewelery, West Bengal

 Calcutta Leather Complex, West Bengal

 Falta food processing unit, West Bengal

The Special Economic Zones and Tax Incentives offered as per the SEZ policy of India are indeed alluring for
the investors, both domestic and foreign investors. The Special Economic Zones and Tax Incentives offered
covers areas like state and local taxes, levies, stamp duty and other duties. 

The Special Economic Zones and tax incentives as offered in India are as follows -

Local sales tax / value added tax laws:

 Section 50 of the Special Economic Zone Act of India, empowers all the concerned State Governments to
issue notifications allowing exemptions to developer or entrepreneur on state taxes, levies and duties 

 Rule 5(5) of Special Economic Zone of India provides that before recommendation of any proposal
for establishment of a Special Economic Zone, the State Government should offer various
incentives, including exemption from state and local taxes, levies, stamp duty, other duties and
taxes levied by local bodies on goods required for operations of such authorized unit. Further, the
goods sold by such unit in the domestic tariff area (DTA) should also be extended all such
exemptions support, except the goods procured from domestic tariff area should be sold as it is 

 Therefore, the Special Economic Zone Act and the Rule of India involves all the state governments
with clear indication of incentives offered as per the respective state policy

Central Sales Tax Act, as per 1956 draft:

 Section 8 (6) of the Central Sales Tax Act of India exempts from Central Sales Tax all inter-state
sale of goods made by a dealer to a registered dealer for the purpose of setting up, operation,
manufacture, production, processing, assembling, trading, maintenance, repairing, reconditioning,
re-engineering, packaging or for use as packing material or packing accessories in any Special
Economic Zone unit for development, operation and maintenance of SEZ developer 

 The above-mentioned benefit are offered if such registered dealer is authorized to establish such an
unit within the designated Special Economic Zone or to develop and maintain such Special Economic
Zone by the body authorized by the Central Government to act for and on their behalf

Income Tax:
All the Special Economic Zones function under the guardianship and the jurisdiction of the Commerce
Ministry, Government of India. The relevant or applicable exemptions and incentives as offered for the
operation of the Special Economic Zones are provided in the Special Economic Zone Act of India. These
exemptions on income taxes are detailed in the Second Schedule to the SEZ Act. Section 27 of the SEZ Act
provides -

 Provisions of Income tax Act;

 As in force for time being;

 Shall apply to developer or entrepreneur;

 For carrying on authorized operations in an SEZ or Unit;

 Subject to modifications specified in Second Schedule;

The relief provided by the Second Schedule of the Special Economic Zone Act of India is as follows -

 Section 10[15][viii]: Interest on deposits in an offshore bank on or after 1st April 2005 of a Non-
resident or Not Ordinarily Resident is exempted form paying tax

 Section 10[23][g]: Dividends or interests or long-term capital gains earned from any infrastructure
based fund or infrastructure based capital company or cooperative bank from investments made on
shares or long-term finance in any enterprise or undertaking those are dedicatedly involved in the
business of development of Special Economic Zone

 Section 54GA: The transfer of assets in cases of shifting of any industry from an urban area to any
Special Economic Zone is exempted from tax on capital gains

 Section 80LA: 100% tax deduction is offered for the first 5 years & 50% deduction for the next 5
years in respect of income from International Financial Services Center or an offshore banking unit
in a Special Economic Zone

 Further, such deductions are also offered on income from other business activities, which
are referred in Section 6[1] of Indian Banking Regulations Act, with an undertaking located
in any designated Special Economic Zone or any other undertaking, which helps in the
development and /or operation of any such Special Economic Zone

 Section 115JB(6): The provisions of section 115JB becomes ineffective if the income accrued or
arises on or after 1st April 2005 from any business activities carried therein
 Pros and Cons of SEZ Policy

The pros and cons of SEZ policy of India identify the developmental area of Indian industries,
especially the fast growing sectors. 

The pros and cons of SEZ policy as implemented from 1.11.2000 to 09.02.2006 under the provisions of
the Foreign Trade Policy, offers fiscal incentives through the provisions of relevant Special Economic
Zones (SEZ) Acts and Rules. The Indian Special Economic Zones policy intends to make SEZs a
powerhouse for economic growth. These SEZs are supported by world class infrastructure coupled with
attractive fiscal incentives and tax rebates, both at the Central and the State level. Further the Indian
Special Economic Zones policy attracts minimum possible regulations. 

The main pros and cons of SEZ policy of India are described as follows -

 Generation of additional economic activity

 Promotion of exports of goods and services

 Promotion of investment from domestic and foreign sources

 Creation of employment

 Development of infrastructure facilities

 Simplified procedures for development, operation, and maintenance of the Special Economic
Zones and for setting up units and conducting business

 Single window clearance for setting up of a SEZ and an unit in SEZ

 Single Window clearance on matters relating to Central as well as State Governments

 Easy and simplified compliance procedures and documentations with stress on self certification

The SEZ Rules provide different minimum land requirements for different types of Special Economic
Zones. To create an investor friendly environment, the Government of India formulated a stable SEZ
policy regime and this is done with a view to impart stability to these SEZ units. A number of meetings
across the country led to the formulation of - 'The Special Economic Zones Act, 2005', which was
subsequently passed by Parliament in May, 2005. The SEZ Act, 2005 and SEZ Rules became effective on
and from 10th February, 2006. The SEZ Act 2005 envisages key role for the State Governments in
Export Promotion and creation of infrastructure. A Single Window SEZ approval mechanism has been
provided through a 19 member inter-ministerial SEZ Board of Approval. The applications duly
recommended by the respective State Governments/Union Territories Administration are considered by
this board, periodically. All decisions of the Board of approvals are with consensus. The SEZ Rules
provide for different minimum land requirement for different class of SEZs. Every SEZ is divided into a
processing area where alone the SEZ units would come up and the non-processing area where the
supporting infrastructure is to be created. 

The main features of Indian Special Economic Zones are as follows -

 Modern harbor - Artificial harbor and handling bulk containers made operational through out the
year

 Airport - Houses both domestic and international air terminals to facilitate transit, to and from
major domestic and international destinations

 Financial Institutions - Has host of Public and Private Bank chains to offer financial assistance for
business houses

 A vibrant industrial city with abundant supply of skilled manpower, covering the entire spectrum
of industrial and business expertise

 Other Advantages - Well connected with network of public transport, local railways and cabs

 Pollution free environment with proper drainage and sewage system

 In-house Customs clearance facilities

 Uninterrupted power supply

 Abundant supply of technically skilled manpower

 Abundant supply of semi-skilled labor across all industry vertical

 Easy access to airport and local Railway Station

The successful implementation of Indian SEZ Policy is evident from the facts which are enumerated as
follows -

 Projected exports from all SEZs for 2007-08 is Rs. 67300 crore

 Presently, 1016 units are in operation and providing direct employment to over 1.79 lakh people
of which around 40% are women

 Private investment by entrepreneurs before the SEZ Act was around Rs. 4400 crore. In the 63
notified SEZs which have come up after

 10th February 06, investment of Rs. 13,435 crore has already been made in less than a year

 Have created direct employment for around 18,457 people

 Procedure of Setting Up SEZ Unit in India

The Procedure of Setting Up SEZ Unit in India has been simplified for the Indian government wants
the number of SEZ to increase in the country. The government of India has simplified method of setting
up SEZ Unit in India. 

Special Economic Zone means an area that has been specified as an enclave that is duty free and is
treated as a foreign territory for various purposes such as tariffs, trade operations, and duties. SEZ
help in the economic and industrial growth of the state and this is the reason that the government of
India has made it easy to set up SEZs in India. In India, SEZs can be set up by the state government, or
its various agencies or any public, private, joint sector. Even foreign companies can set up SEZs in
India. 

Procedure of Setting Up SEZ Unit in India includes filling up of an application with the name, address,
and status of the promoter. Along with the application form, the project report which has details such as
the proposed SEZ's location, the details of infrastructure that already exists, details of infrastructure that
will be established, and the total area of the proposed SEZ. The project report of the proposed SEZ that
will be submitted along with the application form should also contain investment details, which would
include the financing mode and the project's viability. Also it should contain details as to whether the
proposed SEZ would be a multi- product or specific industries zone and foreign equity details. The
application along with the project report for the setting up of SEZ Unit is submitted to the Chief
Secretary of the State. 

The Steps of Setting Up SEZ Unit in India are that after the application has been submitted, the state
government then forwards the application to the Department of Commerce, Indian government. Along
with the application form, the state government has to give their commitment that the area where the
proposed SEZ will be set up is free from all kinds of environmental restrictions, that it would provide
electricity, water, and various other services when required, and that it would allow transmission,
generation, and power distribution inside the SEZ. Further the state government has to give the
commitment that it would exempt the proposed SEZ from sales tax, turnover tax, and mandi tax on the
goods that are supplied from the area of Domestic Tariff to the units in the SEZ. Also the government of
the state has to give the commitment that it would declare the units of the SEZ as Public Utility Service
and that the system of single point clearance and minimum inspection would be provided to the SEZ.  

Procedure of Setting Up SEZ Unit in India are that once the application has been forwarded that
incorporates the state government's commitments then it will be considered by the Department of
Commerce's Inter- Ministerial Committee. When the committee accepts the proposal, a permission letter
is issued to the applicant of the proposed SEZ. 

Procedure of Setting Up SEZ Unit in India, as seen is very simple. The government of India must
continue to simplify the Method of Setting Up SEZ Unit in India. For, this will help in increasing the
number of SEZ in the country, which in its turn will lead to the growth and prosperity of India. 

SEZ and Export Promotion

The SEZ and Export Promotion facilitated the growth of the Indian Special Economic Zones. The
creation of special Economic Zones in India in the 2000 give many dividends as projected during their
inception. The main factor for the under performance of these Special Economic Zones were poor export
policy of India, which was loaded with huge taxes and duties. The Government of India eased the export
policy of India to facilitate easy growth of SEZ and Export Promotion of Indian goods across international
destinations. This created a congenial environment for the development of a special kind of units within
the designated Special Economic Zones. These specialized export oriented units were called Export
Oriented Units or EOU and they were created to increase the overall export potential of these SEZ.
Further, these EOU were devised in such a way, so that they can focus specifically on the growth of
Indian exports. 

Further, their recipient also facilitates these units to sell their products in the domestic markets in case
of rejection by them, after payment of designated tax and within the direct tariff area. Only some
exclusive commodities are barred from such selling process. Thereafter, the development of SEZ and
Export Promotion could be witnessed simultaneously. In other words these Export Oriented Units shared
a reciprocal dependency with the Special Economic Zone of India. 

The provisions of Indian export policy, which facilitated growth of SEZ and Export Promotion of Indian
goods, are as follows -

 Exemption on duties on Indian capital goods and inputs are offered as per the requirements of
the approved business activity
 Taxes are either exempted or waived and even reimbursed in case they are paid in advanced to
the concerned authority

 Duty-free imports of spares, raw materials, capital goods, and consumables are offered as per
the requirements of the approved business activity

 Preferential treatment of these units to the Indian market for easy dissemination of their
products and / or service

 Rejected commodities (specifically barred commodities cannot be sold) within an overall limit of
50% may be sold in the domestic tariff area (DTA) on payment of respective duties as applicable
after proper notification to the Indian customs authorities. And such sales of commodities in the
domestic tariff area shall be counted against DTA sale entitlement and sale of such rejected
commodities (up to 5% of FOB value of exports) shall not be subject to achievement of NFE

 All EOU / EHTP / STP / BTP units may sell their finished products or services (excluding pepper
and pepper products and marble) Units manufacturing electronics hardware and software, the
NFE and direct tariff area (DTA) sale entitlement shall be judged separately for its hardware and
software products

 Facilitated to retain 100 % in foreign currency in EEFC account of the said trader

 Tax waiver of dividends and profits for repatriates, without any application of repatriation tax

 Total tax exemption on corporate incomes as per the provisions of Section 10 A and 10 B of the
Indian Income Tax Act

 Easy and automatic acceptance system for use of existing trademarks, brand names and
technological know-how

 Facilitated with out-sourcing of subcontract capacities for export production against orders
secured by other SME units

 All SEZ units, (excluding gems and jewelry units) may sell goods up to 50% of FOB value of
exports subject to fulfillment of positive NFE on payment of concessional duties. Within the
entitlement of domestic tariff area (DTA) sale, the unit may sell in DTA its products similar to the
goods, which are exported or expected to be exported from the units

 Facilitated with out-sourcing of subcontract of production or part of production process to Indian

or any foreign units

 Sale to direct tariff agreement is subject to mandatory requirement of registration for

pharmaceutical products and inclusive of bulk drugs

 For Software services units, the sale in the DTA in any mode, including on line data
communication shall be permitted up to 50% of FOB value of exports and / or 50% of foreign
exchange earned through exports of such services, where the payment of such services offered
to its overseas clients, is received in foreign exchange

 SEZ units associated with manufacturing gems and jewelry may sell up to 10% of FOB value of
exports of the preceding year in direct trade agreement and subject to fulfillment of positive
NFE. Further, in case of sale of plain jewelry, the recipient of such trade shall pay concessional
rate of duty as applicable. Furthermore, in case of studded jewelry, duty shall be payable as
recommended and amended from time to time
  Total exemption of duties / taxes on scrap or waste or remnants in case the said crap or waste
or remnants are destroyed as per the approval of the customs authorities of India

 If the end products is a by-product and it is included in the LOP, then it may also be sold in the
direct tariff area, subject to achievement of positive NFE on payment of applicable duties within
the provisions of such laws. The sale of such by-products by units those are not entitled to direct
tariff area sales

 Facilitated with out-sourcing of subcontract capacities for export production against orders
secured by other units

www.sezindiainvest.com------imp site for sez