BENEFITS OF SPECIAL ECONOMIC ZONE These rules are framed in accordance with the Special Economic Zones Act, 2012 cdn_helper

01

CUSTOM DUTY EXEMPTION

 One-time Duty Exemption on import of plant, machinery, and
equipment under SEZ Act, 2012.

02

INCOME TAX EXEMPTION UNTIL THE YEAR 2035

  • 10-Year exemption on all income taxes (till tax year 2035).
  • Turnover tax / minimum tax exemption under Section 113. Reference Clause 6, Sub-Clause 23 (c)(C) 126(e) pertains to SEZ tax exemption
  • Alternative Corporate Tax ( 17% of specified accounting income) exempted under Section 113C.
  • Income tax exemption under Section 235 on utility bills (electricity, gas etc).
  • Super tax exemption under Section 4C.
  • Tax exemption on certain imports under Section 148. (Edible oil, paperboard, plastics, and packaging industries)
  • Tax exemption under Section 236K for Zone Enterprises for purchase of property in SEZ.

03

SALES TAX EXEMPTION

  • One time sales tax exemption on import of plant and machinery.