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SEZ in India
 

SEZ in India

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Presentation about SEZ scheme in India

Presentation about SEZ scheme in India

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    SEZ in India SEZ in India Presentation Transcript

    • - SEZ CONSULTANTS Welcomes you for Presentation on‘ Special Economic Zone Scheme ‘
    • History of Free Trade ZonesFirst Free Trade Zone in the world had started on 1st January 1965at Kandla Port , Kutch, India.By 1978 India had another four free trade zones at Mumbai ,Chennai , Noida and Falta.In 1978 China had gone through major economic make over andthey had realized power in concept of Free Trade Zone’s.First Chinese Free Trade Zone became operational in 1984 –ShenzhenIn year 2000 one zone of Shenzhen was Exporting thrice of India.As on today there are about 2000 operation free trade zones spreadover 150 countries in world
    • Path of Special Economic Zonein IndiaCommerce minister Mr. Maran had introduced SEZ Concept in year 1997 for firsttime in India.SEZ was added ( chapter 7 ) as Export Promotion Scheme in India as part ofExim PolicyFirst Policy on SEZ is came on 1st April , 2000 and was in power till 2006.Firstly Operation EPZ are transformed into SEZ’sFirst Private SEZ in India has started at Surat by DGDC.In January , 2006 SEZ Act , 2005 and SEZ Rules , 2006 came in force whichSeparated SEZ’s from FTPSEZ Act , 2005 & SEZ Rules , 2006 got Overriding effect since April , 2006
    • Current Status of SEZ’s in India Approved SEZ’s 1029 Single Product / Operational Concept SEZ’s 143 Based - 66 Multi- IT/ITES 69 Product 8
    • Performance of SEZ’s In India Total Exports from SEZ’s in India – About 2,50,000 Crores Export FDI Share in Growth Rate Investment – is approx 125 approx 65% % Indirect Direct Employment Employment Generate – Generate – approx. approx. 5,00,000 2,25,000
    • Benefits & Incentives for SEZ Units Corporate/ Income Tax Benefits for 15 Years No Sun Set Clause Duty Free Enclave through out stay in SEZ Tax Free Enclaves through out stay in SEZ Most operations are online/ single window Liberalized Labor Norms 24 X 7 – 365 Days operations Sub Contracting – Job Works are allowed
    • Benefits & Incentives for SEZ Units 100% FDI through Automatic Route 100 % Capital A/c Convertibility No Minimum Export Obligation No Fixed Value Addition Norms ( Except Diamonds) Freedom from Industrial Licensing Local Sales is allowed on payment of full duties Declared Foreign Territory for Duties & Taxes Facilities of Offshore banking units
    • Qualification for Being an SEZ unit Exporter ( Manufacturer / Services / Merchant ) Prospects of Exports Positive Foreign Exchange Earning All exports except prohibited items No cases of eviction pending with CBDT
    • Benefits for SEZ Developers 100 % Corporate / Income Tax Benefit in block of 10 years 100 % Commercial disbursing of Plots/ Units Duty Free procurements for Development of SEZ Duty Benefits on supporting Infrastructure 100% FDI is allowed Declared Public Utility Services
    • Qualification for SEZ Development Collective Net Minimum Land worth of Requirement Developers of for Multi- Multi-Product Product SEZ – SEZ - 250 1000 hectors Crores Collective Net Minimum Land worth of Requirement Developers of for Product Product Based Based SEZ – SEZ - 50 100 hectors Crores
    • Concerns regarding SEZ Benefits MAT / AMT Profit Linked Transfer 0f / Investment Assets Linked Sec. 10 AA – Non- Re- Cooperation Structuring of States Difference in Definitions
    • Path Ahead for Success of SEZ’s Requirement of Stable Central serious Government Developers Policies Solid & Well- Clarity about defined Policies New DTC is / Acts from local Pending governments Compatibility Solving issue with of overriding forthcoming authorities GST
    • Thank You? are Welcome
    • Contact Information Mr. Swanand Dhondse – CEO ( Mobile no :- 989 203 5570 ) Website :- www.sez-india.net  E-mail :- ceo@sez-india.net  Office Ph. :- 022 2566 3610