Tax adjustments, dual usage norms for SEZs to ensure revival
Updated: Sep 11, 2014 02:11:51pm
The government will soon unveil measures to revive SEZs, refocusing them as export and manufacturing hubs, commerce and industry minister Nirmala Sitharaman said yesterday.
“Extensive review of special economic zones for re-energising manufacturing-led exports is going on. Governance reforms in SEZs include decisions on modification of MAT and DDT and the dual use of infrastructure in non-processing areas - these proposals are in active consideration,” she said.
Sitharaman said that her ministry is working on dual use of SEZ land to help developers earn faster returns while restoring some of the benefits.
The policy is not just for exporters but also other manufacturers. It (dual use) will ensure optimum utilisation of zones. Developers, too, will get early returns, said the commerce minister. (KNN/SD)