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SEZ Scheme

Special Economic Zones Scheme

SEZ Scheme

The Government of India enacted the “Special Economic Zones (SEZ) Bill 2005” in May 2005, reaffirming its commitment to a long-term and stable SEZ framework that was previously just an administrative construct. With our

Expert SEZ Setup Solutions in Mumbai

, we ensure that you navigate the tax breaks and the single-window clearance process for establishing SEZ units efficiently. SEZs are treated as foreign territory concerning duties and taxes, allowing units to operate outside the purview of customs authorities.

Through our

Expert SEZ Setup Solutions in Mumbai

, SEZ units can retain 100% of their foreign exchange earnings in specialized Export Earners Foreign Currency Exchange accounts. They can sell goods in the Domestic Tariff Area (DTA) upon payment of applicable duties, and transactions between DTA firms and SEZ units are equivalent to regular trade, making them eligible for various export incentives and foreign currency exemptions. Additionally, many state governments offer sales tax exemptions for DTA-SEZ sales, positioning SEZ businesses as promising foreign exchange earners within five years of production commencement.

FACILITIES AND INCENTIVES

Duty-free import and domestic procurement are crucial for SEZ units' operations. Our Expert SEZ Setup Solutions in Mumbai ensure smooth compliance and support for your procurement needs. Trust us for effective management of SEZ operations.

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 level approvals.

We provide end to end solutions

to units in all aspect pertaining to duty free import and other STPI, Customs controlling matters.

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