What are the facilities Incentive/ Facilities to SEZ Developer ?
• 100% FDI allowed for: (a) townships with residential, educational and recreational facilities on a case to case basis, (b)franchise for basic telephone service in SEZ. • Income Tax benefit under ( 80 IA ) to developers for any block of 10 years in 15 years • Duty free import/domestic procurement of goods for development, operation and maintenance of SEZs. • Exemption from Service Tax /CST. Income of infrastructure capital fund/co. from investment in SEZ exempt from Income Tax • Investment made by individuals etc in a SEZ co also eligible for exemption u/s 88 of IT Act • Developer permitted to transfer infrastructure facility for operation and maintenance. • Generation, transmission and distribution of power in SEZs allowed • Full freedom in allocation of space and built up area to approved SEZ units on commercial basis. • Authorised to provide and maintain service like water, electricity, security, restaurants and recreation centres on commercial lines. Q. How to set up a unit in SEZ
