08 October 2013
SEZ Units are free to import from the domestic sources without paying any duty on capital goods, raw materials, consumables, spare, packing materials, office equipment, DG sets, etc. for implementation of their project in the zone without any license or specific approval. Good which are imported duty free could be utilized over the approval period of 5 years.
Sales to DTA (Domestic Tariff Area) by SEZ units is always regarded as import and is subject to all normal import duties, including Countervailing Duty, SAD, etc.
SEZ Units are free from the periodic examination by Customs of export and import cargo.
SEZ units may sub-contract a part of their production through units in DTA/SEZ/EOU/EPZ with the permission of the customs authorities. Sub-contracting may also be permitted for processing abroad with the permission of the board of approval.
Fiscal Incentives Available to SEZ Unit:
Exemption of Service Tax Exemption from payment of Central Sales Tax (CST) Exemption from payment of Income Tax on export income for the first 5 years, 50% for next five years and 50% of ploughed in profits for next 5 years
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