| 1 |
A new Special
Economic Zone (SEZ)
Scheme has been
introduced in the Export
& Import Policy with
a view to provide an
internationally competitive and
hassle-free environment
f or export production. |
| 2 |
A designated duty
free enclave to be
treated as a foreign
territory for trade operations and duties
and tariffs.
|
| 3 |
No license
required for import.
|
| 4 |
Exemption from
Customs duty on import
of capital goods, raw
materials, consumables,
spares, etc. |
| 5 |
Exemption from
Central Excise duty on
procurement of capital
goods, raw materials,
consumable spares, etc.
from the domestic
market.
|
| 6 |
Supplies from DT
A to SEZ units treated
as exports. |
| 7 |
Reimbursement of
Central Sales Tax paid
on domestic
|
| 8 |
Purchases
reimbursement of duty
paid on furnace oil,
procured from domestic
oil companies to SEZ
units as per the rates
of Drawback notified by
the Directorate general
of Foreign Trade.
|
| 9 |
SEZ units may be
for manufacturing,
trading or service
activity.
|
| 10 |
SEZ unit to be
positive net foreign
exchange earner with in
three years. |
| 11 |
Performance of
the units to be
monitored by a Committee
headed by Development
Commissioner and
consisting of Customs. |
| 12 |
100% Foreign
Direct Investment in
manufacturing sector
allowed through
automatic route except
few sectors. |
| 13 |
Profits
allowed to be
repatriated
freely without
any dividend
balancing
requirement. |
| 14 |
Domestic sales on
full duty subject to
import policy in force. |
| 15 |
No fixed wastage
norms.
|
| 16 |
Full freedom for
subcontracting.
|
| 17 |
Sub contracting
facility available to jewelers
units.
|
| 18 |
Duty free goods
to be utilized in
5years.
|
| 19 |
Job work on
behalf of domestic
exporters for direct
expose allowed.
|
| 20 |
No routine
examination by Customs
of exports and import
cargo.
|
| 21 |
No separate
documentation required
for customs and Exam
Policy.
|
| 22 |
ln house customs
clearance.
|
|
