Unattractive taxes may be adjusted to indulge SEZs

Q: Commerce and Industry Minister's steps for unattractive levies may be adjusted to revive SEZs

Joydeep D,

11th September 2014

Real estate News

infrastructural developments

sez

minimum alternate tax

dividend distribution tax

foreign trade policy

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Replies (2)

Hi Harmeet,
They are taking the measures into account for adjusting in taxes like minimum alternate tax (MAT) and dividend distribution tax (DDT), taxes that have actually reduced attraction of these zones may help to boost exports.

Kaushik Bardia,

11th September 2014

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@Kaushik,
Yeh, but the policy is not just for exporters but also other manufacturers. It will ascertain best utilisation of zones. Even it will give good returns to developers.

Harmeet Kaur,

11th September 2014

@Harmeet,
Other issues such as those relating to service tax, extending the tax holiday for the pharmaceutical industry and extension of customs ICEGATE system to the SEZ framework, are also being discussed by the government.

Kaushik Bardia,

11th September 2014

For that the government will soon announce foreign trade policy for 2014-19, which will be complete and united and focus on branding, packaging, targeted global engagements and products with high export potential.

Harmeet Kaur,

11th September 2014

This policy will not only used to give direction to the economy but also it will make easy manufacturing in the country.

Kaushik Bardia,

11th September 2014

Hi,
A few days back i heard that the commerce and industry minister Nirmala Sitharaman will soon open measures to indulge special economic zones (SEZs), refocusing them as exports and manufacturing hubs. Is it true/ How it helps the SEZ ?

Harmeet Kaur,

11th September 2014

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