Incentives to Special Economic Zones

The fiscal concessions and duty benefits allowed to Special Economic Zones (SEZs) are in built into the SEZs Act, 2005 and Rules thereunder. These exemptions are uniformly applicable to all SEZs and are in the nature of incentives for export and are consistent with the principles that guide export promotion initiatives of the Government in general.

Ongoing review and reform, as necessary, of Government policy and procedure is inherent to Public Policy. The Government, on the basis of inputs/suggestions received from stakeholders on the policy and operational framework of the Special Economic Zones (SEZs) Scheme, periodically reviews the policy and operational framework of SEZs and is presently engaged in inter-ministerial consultations for finalization of a proposal to make dual utilization of facilities in Non-Processing Area of SEZs by both SEZ as well as DTA entities.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.