Language:English

Schemes

Special Economic Zone Scheme
Ministry/Department Ministry of Electronics and Information Technology
Scheme Name Special Economic Zone Scheme
Component Finance
Sub Component Tax Exemptions
Applicant
Quantum of Assistance (in Brief)

Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units

100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.

Exemption from Central Sales Tax, Exemption from Service Tax and Exemption from State sales tax. These have now subsumed into GST and supplies to SEZs are zero rated under IGST Act, 2017.Other levies as imposed by the respective State Governments.

Single window clearance for Central and State levelapprovals.

Link for Detail https://www.meity.gov.in/content/export-promotionschemes#tab1