Incentives

Did you know !

According to the Global Retail Development Index 2012, India ranks fifth among the top 30 emerging markets for retail.

The incentives herein have been provided under the following broad categories:

SEZs are defined as a specifically delineated dutyfree enclave deemed to be foreign territory for the limited purposes of trade operations and duties and tariffs. With the SEZ scheme, The SEZ Act, 2005, supported by SEZ Rules, came into effect on 10 february 2006 which provide drastic simplification of procedures and for single window clearance on matters related to Central as well as state governments.

The new SEZ policy focuses on creation of an internationally competitive and hassle-free environment for exports.

Tax holiday for units in SEZ Undertakings located in SEZ and engaged in manufacture or production of articles or things or provision of services. That is eligible to claim 100% deduction in respect of exports profit for the period of five years. For the next 10 years deduction of 50% of profit is allowed.

Tax holiday for SEZ developers

SEZ developers are eligible to claim 100% deduction of its business profit for 10 years(out of 15 years) beginning from the year in which SEZ is notified by the gol. A scheduled bank or an offshore banking unit of a foreign bank or a unit of a international financial services centre located in SEZ is eligible to claim 100% deduction in respect of the specified income for 5 years and 50% for the next five years.