It would specifically support developers operating in special economic zones, realty experts said.
The bill will replace Special Economic Zones (Amendment) Ordinance, 2019, which was promulgated in March.
Sakshi Batra explains how Adani Ports and SEZ's buyback of shares could prove to be good for the company.
Elections in 2019 may keep fresh project launches in check considering the uncertainties developers may face relating to timeliness of regulatory approvals for projects
The panel, which was appointed by the commerce ministry, has suggested continuation of tax incentives and an array of other measures to revamp SEZs.
The Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) seeks to harness the potential of Nagpur and convert the present airport into a major cargo hub. A special economic zone (SEZ) is also part of the project.
Exim Bank has so far extended seven LOCs to Rwanda, to the tune of USD 547.65 million.
Export Promotion Council for EoUs and SEZs (EPCES) said the major sectors contributing to the growth include biotech, chemicals, pharmaceuticals, computers, electronics, non-conventional energy, plastic, rubber, trading and services.
The government has constituted a group headed by Bharat Forge Chairman Baba Kalyani to evaluate policy on the country’s special economic zones (SEZs).
According to Export Promotion Council for EOUs & SEZs (EPCES), highest growth in outward shipments was recorded from the Cochin SEZ which witnessed a 704 percent jump from Rs 461 crore in April last year to Rs 3,708 crore this year.
In an application filed before the Karnataka bench of the AAR, the applicant had sought to clarify whether hotel accommodation and restaurant services provided by them, within the premises of the hotel, to the employees and guests of SEZ units be treated as supply of goods and services.
Exporters want the IT backbone GSTN to be linked with the National Securities Depository Ltd (NSDL) portal for smooth facilitation of the tax refunds
The chamber argued that imposition of MAT on special economic zones (SEZs) has hindered their growth and especially the performance of exports.
In NCR, only 6.0 million sq ft of SEZ space is likely to see completion. Bengaluru is expected to add only about 9.7 million sq ft of SEZ space
Minister of State for Commerce and Industry CR Chaudhary said that 52 percent of the notified SEZs land is presently vacant.
The decision was taken by the Board of Approval, the highest decision making body on a special economic zone (SEZ) related matters, in its meeting on February 5.
The Export Promotion Council for EOUs & SEZs (EPCES) said the budget has "absolutely nothing" important for the SEZs despite flagging the key issues affecting the sector.
The application will be considered by the Board of Approval, the highest decision making body of the SEZs, in its meeting on February 5.
Section 10AA of the Income-tax Act, 1961 provides for tax exemption on profits made from export of computer software or from providing ITeS by a unit set up in an SEZ.
The proposal to grant extension will be taken up by the Board of approval, highest decision making body on SEZ related issues, in its meeting on November 17.
Industry analysts stated that exports are growing from these zones, but observed that the government should do more to step up shipments.
Embassy through its entity Embassy Property Development Pvt Ltd, has entered into an agreement with Taurus Investment Holdings, a Real Estate Private Equity Investment and Development Company headquartered out of Boston, to form a joint venture called Winterfell Realty Private Limited to develop an SEZ property, the company said.
Solar power generation offers an enormous opportunity for UP, driven by factors like strong policy support, higher sunshine, growing demand for energy and demand elasticity from declining solar module prices.
The company which got 50 acres of land at Rajarhat in the state shortly after the Trinamool Congress came to power in 2011 for setting up of its maiden project here, did not proceed further as the government under the leadership of chief minister Mamata Banerjee was not agreeable to recommend the SEZ status to the centre as wanted by Infosys.
"The central government...hereby exempts all goods imported by a unit or a developer in the Special Economic Zone (SEZ) for authorised operations, from the whole of the integrated tax leviable thereon under...the Customs Tariff Act, 1975 read with section 5 of the Integrated Goods and Service Tax Act, 2017," the Department of Revenue has said in a notification.