4 Replies
Sumit Sarswat
(Student)
(3154 Points)
Replied 25 February 2018
Special Economic Zones are specially delineated areas that are treated as foreign territories in the context of trade and tariff laws. A Special Economic Zone (SEZ) is a specified duty-free zone deemed to be a foreign territory within the country for the purpose of tariff and trade. The objectives of SEZ include promotion of goods and services leading to enhanced economic activities, investment promotion, development of infrastructure, creation of employment opportunities etc.
The assesses who is registered or is a unit or developer of SEZ is called SEZ taxpayer.
The assesses who is registered or is a unit or developer of SEZ is called SEZ taxpayer.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 February 2018
A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customsand labour regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.
The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment(FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.
DefinitionEdit
The operating definition of a SEZ is to determine individually by each country. According to the World Bank in 2008, the modern day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management/administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and streamlined procedures."special economic zone are those industrial zone which have been set up by government of India to attract foreign companies to invest in the country.
The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment(FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.
DefinitionEdit
The operating definition of a SEZ is to determine individually by each country. According to the World Bank in 2008, the modern day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management/administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and streamlined procedures."special economic zone are those industrial zone which have been set up by government of India to attract foreign companies to invest in the country.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 February 2018
A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customsand labour regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.
The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment(FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.
DefinitionEdit
The operating definition of a SEZ is to determine individually by each country. According to the World Bank in 2008, the modern day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management/administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and streamlined procedures."special economic zone are those industrial zone which have been set up by government of India to attract foreign companies to invest in the country.
The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment(FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.
DefinitionEdit
The operating definition of a SEZ is to determine individually by each country. According to the World Bank in 2008, the modern day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management/administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and streamlined procedures."special economic zone are those industrial zone which have been set up by government of India to attract foreign companies to invest in the country.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 February 2018
A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customsand labour regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.
The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment(FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.
DefinitionEdit
The operating definition of a SEZ is to determine individually by each country. According to the World Bank in 2008, the modern day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management/administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and streamlined procedures."special economic zone are those industrial zone which have been set up by government of India to attract foreign companies to invest in the country.
The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment(FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.
DefinitionEdit
The operating definition of a SEZ is to determine individually by each country. According to the World Bank in 2008, the modern day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management/administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and streamlined procedures."special economic zone are those industrial zone which have been set up by government of India to attract foreign companies to invest in the country.
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