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Tax-free zone

Area within the territory of a country in which customs duties and other types of indirect taxes are not applied.

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Govt cancels 27 SEZs; gives time to 18 to execute projects

14-08-2014| Source:PTI

Of the 566 formally approved SEZs, only 185 are in operation. Exports from these zones increased from Rs 22,840 crore in 2005-06 to Rs 4.94 lakh crore in 2013-14.

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