Notification from RBI, Other Topics

[Pradeep Ahuja]

Can Banks provide Buyers Credit from Imports from an SEZ unit. Sales from SEZ unit is taxed as a normal import as SEZ is a notified port. Is there any notification from RBI covering such imports.

Posts / Replies

[D Gupta]

For the purpose of sale and purchase of goods, the scheme of SEZ is envisaged. Since SEZ are located in India, normal banking procedure would be followed.