What are the incentive/facilities available for SEZ units ?
• SEZ units may import or procure from the domestic sources, duty free, all their requirements of capital goods, raw materials, consumables, spares, packing materials, office equipment, DG sets etc. for implementation of their project in the Zone without any licence or specific approval. • Duty free import/domestic procurement of goods for setting up of SEZ units. • Goods imported/procured locally duty free could be utilised over the approval period of 5 years. • Domestic sales by SEZ units will now be exempt from SAD. • Domestic sale of finished products, by-products on payment of applicable Custom duty. • Domestic sale rejects and waste and scrap on payment of applicable Custom duty on the transaction value . Income tax • Physical export benefit • 100% IT exemption (10A) for first 5 years and 50% for 2 years thereafter. • Reinvestment allowance to the extend of 50% of ploughed back profits • Carry forward of losses Foreign Direct Investment : • 100% foreign direct investment is under
Following incentive/ facilities to SEZ enterprises: Customs and Excise : • SEZ units may import or procure from the domestic sources, duty free, all their requirements of capital goods, raw materials, consumables, spares, packing materials, office equipment, DG sets etc. for implementation of their project in the Zone without any licence or specific welcomeback. • Duty free import/domestic procurement of goods for setting up of SEZ units. • Goods imported/procured locally duty free could be utilised over the welcomeback period of 5 years. • Domestic sales by SEZ units will now be exempt from SAD. • Domestic sale of finished products, by-products on payment of applicable Custom duty. • Domestic sale rejects and waste and scrap on payment of applicable Custom duty on the transaction value . Income tax • Physical export benefit • 100% IT exemption (10A) for first 5 years and 50% for 2 years thereafter. • Reinvestment allowance to the extend of 50% of ploughed back profits • Carry forward
