 |
 |
-
Real Estate India
-
Explore Inside Pages
-
News by Month
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
Commerce minister to review SEZ tax policy
| September 15, 2008 |  (Be the first to rate this story!) Loading ... |
Commerce ministry is likely to hold a meeting with Special Economic Zones (SEZ) developers to discuss the problems faces by them over the way income tax exemption is granted to the units in SEZ, at the annual meeting of the export promotion councils for export oriented units (EOUs) and SEZs. Commerce and industry minister, Kamal Nath will review the performance of SEZs in terms of creation of employment, export earnings as also the problems faced by the tax-free enclaves at the AGM of the council. Developers of SEZs and EOUs would place before the minister 10 key issues that have emerged as procedural bottlenecks for them.
Developers have been seeking clarification on the interpretation of section 10AA of the SEZ Act that provides exemption from income tax to the units on export income. The cenvat credit facility is being extended for supplies to SEZ units and this needs to be extended to the developers as well. Further, developers have demanded exemption from export duty on supply of steel to SEZs for consumption within the zones, which is impacting construction work, particularly in engineering units.
News Published Under: Special Economic Zones |
|
Add to Favourite:
:
|
Related News:
