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- SEZ allows setting up of manufacture units and services
sector units. All the import/export operations of the SEZ
units will be on self-certification basis.
- The units in the Zone have to be a net foreign exchange
earner but they shall not be subjected to any pre-determined
value addition or minimum export performance requirements.
- Sales in the Domestic Tariff Area by SEZ units shall be
subject to payment of full Custom Duty and import policy
in force. Further Offshore banking units may be set up in
the SEZs.
- Now SEZ's can be set by public, private, joint sector
or by State Governments.
- The Government has given approval for setting up of 42
Special Economic Zones in various parts of the country in
the private/joint sectors or State Government. At present
there eight functional Special Economic Zones located at
Santa Cruz (Maharashtra), Cochin (Kerala), Kandla and Surat
(Gujarat), Chennai (Tamil Nadu), Visakhapatnam (Andhra Pradesh),
Falta (West Bengal) and Nodia (Uttar Pradesh) in India.
Further a Special Economic Zone at Indore ( Madhya Pradesh
) os now ready for operation.
- In addition 18 approvals have been given for setting up
of SEZ at Positra (Gujarat), Navi Mumbai and Kopata (Maharashtra),
Nanguneri (Tamil Nadu), Kulpi and Salt Lake (West Bengal),
Paradeep and Gopalpur (Orissa), Bhadohi, Kanpur, Moradabad
and Greater Noida (U.P.), Vishakhapatnam and Kakinada (Andhra
Pradesh), Vallarpadam/Puthuvypeen (Kerala) Hassan ( Karnataka),
Jaipur and Jodhpur ( Rajasthan) on the basis of proposals
received from the State Governments.
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Address:A-1, Parle C.H.S, Sahakar Road, Vile Parle(East), Mumbai 400 057, INDIA. Phone: +91 22 26825777 |
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