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Ep zs, eous, tps & sezs 6
1. EPZs, EOUs, TPs & SEZs By Prof. Neha Patel (c) Prof. Neha Patel,GLS MBA Programs
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10. STPI: Key Areas of Contribution Growth of IT Exports from the nation Dispersal of Industry to Tertiary Cities Contribution to SME Enablement Enhanced Employment Generation Nationwide (c) Prof. Neha Patel,GLS MBA Programs
11. Catalyst of Regional Development Overall Regional Development Nucleating effect on Employment generation Secondary Industries coming up Improvement in Basic and Social Infrastructure (c) Prof. Neha Patel,GLS MBA Programs
17. Fiscal Benefits available to SEZ Cenvat Customs VAT Income Tax Service Tax Central Sales tax Securities Transaction Tax Exemptions of tax, duties or cess in 21 Acts Stamp Duty FEMA Other Acts (c) Prof. Neha Patel,GLS MBA Programs
What will be special about these zones is that they will be duty free, they will be almost tax free – almost 21 tax related legislations and policies have been amended to allow these sezs to come up, apart from this there will subsidies on stamp duties on land and water and electricity will also be subsidised The second important specialty is hassle free environment – reducing procedural requirement for clearances as well as allowing escape from some labour and environment related legislations which I will speak of later The area will be a foreign enclave and the provisions of the state and central sez rules and act will apply There are specifications as to how much area can be acquired by what kind of project but the multiproduct SEZs will have to acquire a minimum of 1000 ha of land and that’s a minimum. All specifications are about the minimum area that can be acquired And another special aspect is that a SEZ project or developer has to ensure that 25% of the area has industrial activity or units – the rest of the area is for other purposes – starting from shopping malls to golf courses and other entertainment as well as for housing The most special part is that all this is within a legislative framework
What will be special about these zones is that they will be duty free, they will be almost tax free – almost 21 tax related legislations and policies have been amended to allow these sezs to come up, apart from this there will subsidies on stamp duties on land and water and electricity will also be subsidised The second important specialty is hassle free environment – reducing procedural requirement for clearances as well as allowing escape from some labour and environment related legislations which I will speak of later The area will be a foreign enclave and the provisions of the state and central sez rules and act will apply There are specifications as to how much area can be acquired by what kind of project but the multiproduct SEZs will have to acquire a minimum of 1000 ha of land and that’s a minimum. All specifications are about the minimum area that can be acquired And another special aspect is that a SEZ project or developer has to ensure that 25% of the area has industrial activity or units – the rest of the area is for other purposes – starting from shopping malls to golf courses and other entertainment as well as for housing The most special part is that all this is within a legislative framework
![Export Processing Zones (EPZs) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],(c) Prof. Neha Patel,GLS MBA Programs](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)