Review of Guidelines for Minimum Space Criteria for SEZs.

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..... Review of Guidelines for Minimum Space Criteria for SEZs. - News and Press Release Dated:- 17-8-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 17-August-2011 17:25 IST Review of Guidelines for Minimum Space Criteria for SEZs There is no proposal at present to review the guidelines of minimum space criterion for Special Economic Zone .....

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..... s. Requests are received for de-notification of notified SEZs as well as withdrawal of in-principle and formal approvals granted to various SEZ projects from time to time. Between December, 2008 and the present, the Board of Approval on SEZ has approved 33 such cases of de-notification of notified SEZs subject to the refund of duty benefits availed, if any, by the developer. The reasons for thes .....

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..... e requests for de-notification of notified SEZs, withdrawal of in-principle and formal approvals granted to various SEZ projects, wherever indicated by the applicants, include economic meltdown, poor market response, non-availability of skilled labour force, no demand for IT/ITES space and imposition of Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) on Special Economic Zones (SEZs .....

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..... ). As provided under the SEZ Act and Rules the requests received for de- notification of notified SEZs as well as withdrawal of in-principle and formal approvals granted to various SEZ projects are considered by the Board of Approval on SEZs and approval is granted subject to conditions, including the refund of duty benefits availed, if any, by the developer. This information was given by the .....

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..... Minister of State for Commerce and Industry Shri Jyotiraditya M. Scindia in a written reply to a question, in the Rajya Sabha today. DS/gk - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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