Special Economic Zones

Besides bagging in new deals, the cumulative exports made from Sri City, located about 90 km from here stood at Rs 750 crore.

New law for SEZs: Commerce ministry proposes host of incentives to revamp Special Economic Zones

In the Union Budget this year, the government proposed to replace the existing law governing Special Economic Zones (SEZs) with a new legislation to enable states to become partners in ’Development of Enterprise and Service Hubs’ (DESH).

Exports from SEZs up 15% in 2017-18: EPCES

Export Promotion Council for EoUs and SEZs (EPCES) said that while the goods export from these zones stood at Rs 2.74 lakh crore in 2017-18, shipments of services aggregated to Rs 2.78 lakh crore in the last fiscal.

Exports from SEZ in fast lane, up 15.4% in April-June

Industry analysts stated that exports are growing from these zones, but observed that the government should do more to step up shipments.

Govt forgoes Rs 56,418 cr tax to SEZ in April-December FY17

In the entire 2015-16, these zones had received duty exemptions worth Rs 52,216 crore, according to the data given by Commerce and Industry Minister Nirmala Sitharaman in a written reply to the Lok Sabha.

GST bills in RS; Oppn questions preparedness on new tax regime

The Rajya Sabha today took up the four bills related to the GST, with the Opposition questioning the government's preparedness to implement the indirect tax regime and urging for a mechanism to insulate taxpayers from harassment by tax authorities.

Govt still looking at ways to accommodate Apple's tax concession demands: Sources

Although the Finance Ministry has prima facie rejected the demands of the US-based technology major, senior executives of the company met an inter-ministerial group recently to deliberate upon the issue.

TN extends validity of building planning permissions, to 5 years

The Tamil Nadu government, on March 24, 2017, has proposed to extend the validity period of building planning permissions, from the existing three years, to five years. The move was necessitated due to difficulties &#82

Exempt special economic zones from GST levies: EPCES

The Export Promotion Council for EOUs and SEZs (EPCES) today urged the government to exempt special economic zones from Goods and Services Tax (GST) levies.

Exports from SEZs touch Rs 2.36 lakh cr during Apr-Sep

Exports from special economic zones (SEZs) have touched Rs 2.36 lakh crore during April-September period of the current financial year, Parliament was informed today.

Budget 2017: Direct tax reforms to be gradual than radical, says KPMG

One can expect the government to announce a marginal cut to the headline corporate tax rate along with a clear roadmap detailing the manner in which the proposed reduction and incentive phase out will be achieved.

Land acquisition for SEZs: SC seeks reply from Centre, 7 states

A plea seeking return of unused land acquired for setting up of special economic zones to farmers and a court-monitored CBI probe into alleged flouting of SEZ rules by beneficiary corporates, today led the Supreme Court to seek responses from the Centre and seven states.

Govt approves 6 new SEZs for IT, biotech

The decision was taken by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, at its November 9 meeting, an official said.

5 developers seeks govt nod to set up new SEZs

These applications will be considered at the meeting of the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on November 3.

A weekend home in Alibaug is finally within reach

Imagine painting the prettiest-ever, sea-swept landscape – and then living in it. Till fairly recently, only the super-rich were allowed to have that dream, and Alibaug made it a reality. But in the last &#82

Mahindra warns of 'demographic disaster' sans jobs

Welcoming a move to develop "giant" special economic zones in coastal areas, industrialist Anand Mahindra today warned that without job creation on a war footing our "demographic dividend can turn into a disaster".

Nepal invites Indian investment in agriculture, herbal sectors

Dahal, who is popularly known as Prachanda, said, "We are in the process of ratifying Bilateral Investment Promotion and Protection Agreement(BIPA) with India." The Nepal Prime Minister said that his country has taken many steps to promote growth and investment.

Green tribunal clears Adani Ports' deep sea port

In a big relief for Adani Ports, The National Green Tribunal (NGT) refused to quash environmental clearances given to Vizhinjam International Sea Port in Kovalam, Kerala. It has cleared the coastal regulatory clearances as well as the environment clearances.

Govt allows cancellation of 4 SEZ projects

The decision regarding this was taken in a meeting of the Board of Approval (BoA) on August 12, which was chaired by Commerce Secretary Rita Teaotia.

ACB to expedite probe in SEZ scam, submit report in 30 days: CM

"The FIR is filed by ACB against those who are responsible for illegal allotment of land to SEZ promoters. I will ask them to expedite the investigation and submit the preliminary report in 30 days," Parsekar told the state Assembly responding to a Question by Congress MLA Mauvin Godinho.

Comm Dept takes up issue of SEZ MAT with FinMin again

Besides, the ministry has taken up issues such as permitting SEZ units to perform job works for units in domestic tariff area (DTA) and allowing exports from SEZs to DTA at the duty rates as given to India's free trade agreement partners, said Additional Secretary in the Department of Commerce Alok Vardhan Chaturvedi.

Exports from SEZs up marginally at Rs 4.67 lakh cr in FY16

"Overseas shipments from these zones have recorded a positive growth in the last fiscal, this means that there is a potential to boost the country's total exports from these zones. We need to focus here," an official said.

Govt mulls converting unused airports into SEZs

Besides, it would explore ways to reduce the cost of leasing aircraft as part of larger efforts to make the domestic aviation space more attractive, Civil Aviation Secretary R N Choubey said.

Reliance Defence seeks licence for equipment mfg in SEZs

"The proposals of Reliance Defence Ltd for grant of industrial licences for manufacturing of defence products...is placed before the BoA for a decision," the Commerce Ministry said in a note.

Govt to consider two new SEZ proposals on Apr 28

Government will on April 28 consider two new proposals, including from Infosys, for setting up Special Economic Zones (SEZs). The proposals will be taken up by the Board of Approval (BoA) for SEZ, chaired by Commerce Secretary Rita Teaotia. Infosys Ltd has proposed to set up an IT/ITeS zone in Bengaluru over an area of over four hectares.