Friday, 16 August 2013

SEZ land norms relaxed

SEZ
**Minimum land requirement for SEZs**

For Single Product Industry:
Before:    100 hectares
Now:       50 hectares

For Multi Product Industry:
Before:     1000 hectares
Now:        500 hectares

Benefit of this change:        Easy for investors

Benefit of SEZ in general:
A- 100% income tax exemption on export income for SEZ units for the first five years.
B- SEZs allow duty-free imports or domestic procurement of goods

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Regards,
Naveen