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INDIA HOPES TO CATAPULT EXPORTS THROUGH SEZs.
NEW DELHI, April 1 Asia Pulse - The Indian government will treat sales from Domestic Tariff Area to Special Economic Zones as exports in a bid to attract more foreign direct investment which could turn out to be an engine of growth.
Domestic suppliers would now be eligible to entitlements like drawback and DEPB benefits, service tax and CST exemption, Union Commerce and Industry Minister Arun Jaitley said Monday, announcing the new Exim Policy.
"We have great hope for attracting foreign direct investment and increasing our export through this scheme", he said.
With a view to integrate production and processing and help promote SEZs specialising in agro exports, the Policy has allowed agriculture and horticulture processing SEZ units to ...
- FinMin may exempt SEZ units from export duty on steel.
- News wire article from: PTI - The Press Trust of India Ltd. May 20, 2008 700+ words
FinMin may exempt SEZ units from export duty on steel New Delhi...received representations for exempting SEZ units from export duty on steel. The issue...DTA) to SEZs, which has hit the SEZ units, especially the manufacturers of engineering...
- INDIA MAY EXEMPT SEZ UNITS FROM EXPORT DUTY ON STEEL.
- News wire article from: AsiaPulse News May 21, 2008 700+ words
...received representations for exempting SEZ units from export duty on steel. The issue...area (DTA) to SEZs, which has hit the SEZ units, especially the manufacturers of engineering goods and auto components. "SEZ units are already exempted from the ban on...
- SEZ units demand procedural changes for refund of service tax.
- News wire article from: PTI - The Press Trust of India Ltd. March 4, 2009 700+ words
SEZ units demand procedural changes for refund of service tax New Delhi, Mar 4...Commissioner in the zone or from Customs officer posted in the zone. "SEZ units or developers must not be asked to go outside the SEZ for taking this refund...
- WB for SEZ units returning 5% of sops to fund development.
- News wire article from: PTI - The Press Trust of India Ltd. June 27, 2007 700+ words
WB for SEZ units returning 5% of sops to fund development New Delhi, June 27 (PTI...reinvested profits. Union Finance Ministry estimates the concessions given to SEZ units would result in a revenue loss of more than Rs 100,000 crore over the...
- Scope of service tax exemption to SEZ units broadened.
- News wire article from: PTI - The Press Trust of India Ltd. March 4, 2009 700+ words
Scope of service tax exemption to SEZ units broadened New Delhi, March 4 (PTI) The government has broadened...refund can be claimed, an expert said. The services provided to SEZ units were exempted from service tax by the government through a notification...
- Rangarajan panel favours 10 per cent MAT on SEZ units.
- News wire article from: PTI - The Press Trust of India Ltd. May 18, 2008 700+ words
Rangarajan panel favours 10 per cent MAT on SEZ units New Delhi, May 18 (PTI) -- The Prime Minister's Economic...Finance Ministry had proposed to impose an export obligation on SEZ units that was strongly opposed by the Commerce Ministry. It wanted...
- Loans to SEZ units acquisition may not be real estate credit.
- News wire article from: PTI - The Press Trust of India Ltd. January 7, 2009 700+ words
Loans to SEZ units acquisition may not be real estate credit Mumbai, Jan 7 (PTI) The Reserve bank today proposed to to withdraw its controversial...
- Banking Services to SEZ Units Out of Tax Net.
- Press release article from: M2 Presswire December 11, 2006 700+ words
M2 PRESSWIRE-11 December 2006-RNCOS: Banking Services to SEZ Units Out of Tax Net(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:11122006 The Central Board of Excise and Customs (CBEC) has confirmed...
