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TMI BlogSpecial Economic ZonesX X X X Extracts X X X X X X X X Extracts X X X X ..... Special Economic Zones - News and Press Release Dated:- 28-11-2014 - News - In addition to Seven Central Government Special Economic Zones (SEZs) and 11 State/Private Sector SEZs set-up prior to the enactment of the SEZ Act, 2005 , approval has been accorded to 524 proposals out of which 352 SEZs have been notified. There are a total of 196 functional SEZs. The fiscal concessions and duty benefits allowed to Special Economic Zones (SEZs) are in built into the SEZs Act, 2005 and SEZs Rules, 2006 framed 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. States/UTs-wise details of functional/non-functional SEZs and their contribution to exports and employment generation during the last three years and the current year are at Annexure-I and Annexure-II respectively. Recently Board of Approval on Special Economic Zones (SEZs) has approved for de-notification/cancellation of 35 notified/formally approved SEZs (Annexure-III) as the progress made by the Developers of these SEZs is not satisfactory. These de- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notification/cancellation are subject to payment of all applicable duties and tax benefits availed by the Developer and receipt of No-objection Certificate (NOC) from the concerned State Government. Further, 18 in-principle approved SEZs (Annexure-IV) have been cancelled by the Department owing to no further action has been taken by the Developers. There have been demands from various quarters for discontinuing of Minimum Alternate Tax (MAT) imposed to SEZ Developers and Units and Dividend Distribution Tax (DDT) levied on SEZ Developers. Ministry of Commerce and Industry (Department of Commerce) had recommended the restoration of original exemption from Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) to SEZ developers and units. However, Ministry of Finance has not agreed. As per entry no. 18 of the State list in the 7th schedule to the Constitution of India, land is a State subject. Review of functioning of SEZs is an on-going process and on the basis of inputs/suggestions received from stakeholders on the policy and operational framework of the SEZ Scheme, Government periodically takes necessary measures so as to facilitate speedy and effective impl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ementation of SEZ Scheme. Annexure-I States/UTs-wise details of functional SEZs States/UTs Functional SEZs (Central Govt. + State Govt./Pvt. SEZs + notified SEZs under the SEZ Act, 2005) Nonfunctional SEZs Andhra Pradesh 18 27 Chandigarh 2 0 Chhattisgarh 1 2 Delhi 0 3 Goa 0 7 Gujarat 18 24 Haryana 6 31 Jharkhand 0 1 Karnataka 25 34 Kerala 14 19 Madhya Pradesh 2 19 Maharashtra 25 54 Manipur 0 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nagaland 0 2 Odisha 2 7 Puducherry 0 2 Punjab 2 6 Rajasthan 4 7 Tamil Nadu 36 29 Telangana 24 36 Uttar Pradesh 10 24 Uttarakhand 0 1 West Bengal 7 10 GRAND TOTAL 196 346 Annexure-II States/UTs-wise details of contribution of Exports and Employment from SEZs during the last three years and current financial year Exports Employment* (Rs. in Crore) (In Persons) Sl. No. States/UTs 2011-12 2012-13 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2013-14 2014-15 (as on 30.9.2014) 2011-12 2012-13 2013-14 2014-15 (as on 30.9.2014) 1 Gujarat 182414.33 226937.74 225042 107602.42 42097 51190 75586 64356 2 Karnataka 22006.81 39363.94 51372.88 21682.80 85055 141366 193686 206096 3 Tamil Nadu 50152.39 67618 71417 35847.40 219989 237950 268405 288160 4 Maharashtra 24198.83 42962.25 56399.23 26073.40 194469 271134 339919 340061 5 Kerala ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 31373.3 33824.47 8003.64 2853.77 23799 25701 32311 45581 6 Andhra Pradesh 18163.8 27687.71 33291.07 3955.01 117266 144346 157280 46024 7 Telangana 0 0 0 16598 0 0 0 128749 8 Uttar Pradesh 13637.38 12591.49 16282.42 7736.87 63637 75101 83970 89684 9 West Bengal 14870.7 15050.7 16204.27 2696.75 36309 55656 48112 49599 10 Haryana 3442.95 4980.75 8740.43 5397.80 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 29220 38497 50208 54732 11 Madhya Pradesh 1637.12 1937.16 2984.23 2048.65 12313 12429 10308 10440 12 Rajasthan 1315.69 1498.42 2036.59 1039.78 11028 13163 14574 16254 13 Chandigarh 1103.25 1339.93 1778.15 1024.80 7620 6140 5927 6369 14 Chhattisgarh 0 9.56 1.84 2.96 0 119 119 40 15 Odisha 158.27 217.21 386.09 115.62 1787 1715 1577 2043 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 16 Punjab 2.91 139.6 136.72 145.52 299 369 1299 1855 17 Goa 0 0 0 0 28 28 28 28 TOTAL 364478 476159 494077 234821 844916 1074904 1283309 1350071 * Calculated on cumulative basis. Annexure-III List of SEZs de-notified/cancelled by BoA Sl. No. Name of the Developers Date of formal approval 1 M/s. Hindalco Industries Ltd. (Sambalpur, Odisha) 30.07.2007 2. M/s. Essar Jamnagar SEZ Ltd. (Jamnagar, Gujarat) 21.08.2006 3. M/s. Asia Pacific Corporation Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . (Dist. Kutch Gujarat) 07.01.2008 4. M/s. Adani Townships Real Estate Company Pvt. Ltd. (Ahmedabad, Gujarat) 12.06.2007 5. M/s. Gaurinandan Property Holders Pvt. Ltd. (Ahmedabad, Gujarat) 21.11.2008 6. M/s. Gujarat Industrial Development Corporation (Jhagadia Bharuch, Gujarat) 21.08.2006 7. M/s. Chennai Business Park Pvt. Ltd. (Kanchipuram District, Tamil Nadu) 19.06.2007 8. M/s. Viraj Profiles Ltd. (Dist. Thane, Maharashtra) 21.08.2006 9. M/s. Enfield Realtors Ltd. (Burdwan, West Bengal) 23.05.2007 10. M/s. Enfield Exports Ltd. (Burdwan, West Bengal) 23.08.2006 11. M/s. Enfield Energy Ltd. (Dist. Burdwan, West Bengal) 26.06.2008 12. M/s. Capstone Developer Pvt. Ltd. (24, Pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rganas(S), West Bengal 30.10.2008 13. M/s. Essel Infraprojects Ltd. (Gorai-manori-Uttan Region, Mumbai) 30.10.2008 14. M/s. RNA Builders (Dist. Thane, Maharashtra) 26.11.2007 15. M/s. AEC Marketing Pvt. Ltd. (Dadra and Nagar Haveli) 22.04.2008 16. M/s. Royal Palms India Pvt. Ltd. (Goregaon (East), Mumbai) 26.06.2007 17. M/s. Marathon Prachin Infrastructure Pvt. Ltd. (Panvel, Distt. Raigad) 15.11.2006 18. M/s. Bombay Industrial Corporation (Distt. Mumbai, Maharashtra) 19.06.2007 19. M/s. Reliance Infocom Infrastructure Pvt. Ltd. (Navi Mumbai, Maharashtra) 26.07.2007 20. M/s. Pride Infrastructure Pvt. Ltd. (Pune, Maharashtra) 25.10.2007 21. M/s. Rajiv Gandhi IT Park Co-op Society Ltd. (Distt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Aurangabad, Maharashtra) 30.10.2008 22. M/s. Kirti Infrastructure Pvt. Ltd. (Distt. Pune, Maharashtra) 27.02.2009 23. M/s. Siddhivinayak Knowledge City Developers Pvt. Ltd. (District Pune, Maharashtra) 19.06.2007 24. M/s. Jindal Photo Limited (Igatpuri Nasik, Maharashtra) 25.06.2007 25. M/s. Dosti Enterprises (Thane, Maharashtra) 18.06.2007 26. M/s. City Parks Pvt. Ltd.(Distt. Pune, Maharashtra) 06.11.2006 27. M/s. Ferrani Hotels Pvt. Ltd. (Malad, Mumbai, Maharashtra) 30.07.2007 28. M/s. NEPC India Ltd. (Coimbatore District, Tamil Nadu) 08.05.2008 29. M/s. Best and Crompton Engineering Ltd. (Kancheepuram District, Tamil Nadu) 26.06.2008 30. M/s. Emaar MGF Land Ltd. (Comibatore District, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tamil Nadu) 26.02.2009 31. M/s. GVK Perambalur SEZ Pvt. Ltd. (Perambalur district, Tamil Nadu) 10.02.2009 32. M/s. Kovai Hills Township Pvt. Ltd. (Coimbatore, Tamil Nadu) 05.12.2007 33. M/s. SAIL Salem SEZ Pvt. Ltd. 26.06.2008 34. M/s. Tamil Nadu Industrial Development Corporation (TIDCO) (Kancheepuram, Tamil Nadu) 25.06.2007 35. M/s. Anush Infrastructure Pvt. Ltd. (Kancheepuram Distt., Tamil Nadu) 06.06.2006 Annexure-IV List of in-principle approved SEZs cancelled Sl. No. Name of the Developer Location 1. M/s. Indian Steel Corporation Limited District Bhuj, Gujarat 2. M/s. Sri Kubera Infracon India Ltd. Medak Distr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ict, Andhra Pradesh 3. M/s. Ozone SEZ Developers Pvt. Ltd. Chikkaballapur, Karnataka 4. M/s. Lepakshi Knowledge Hub Private Limited Ananthapur District, Andhra Pradesh 5. M/s. Reliable Smartcity Limited Pachama (Abdullahpur) District, Madhya Pradesh 6. M/s. RNB Infrastructure Private Limited. Coimbatore, Tamil Nadu 7. M/s. United Infrastructure Pvt. Ltd. Indore District, Madhya Pradesh 8. M/s. Tirunelveli Infrastructure Developers Private Limited. Tirunelveli District, Tamil Nadu 9. M/s. Industrial Infrastructure Development Corporation (Gwalior) M.P. Ltd. Gwalior District, Madhya Pradesh 10. M/s. Chowgule Ports Infrastructure Pvt. Limited District, Ratnagiri, Maharashtra 11. M/s. Vide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ocon Industrial Limited Navi Mumbai Maharashtra 12. M/s. Maharaja Multitrade Private Limited District Nashik, Maharashtra 13. M/s. Uttam Galva Steels Limited District Raigad, Maharashtra 14. M/s. Maharashtra Airport Development Company Limited Nagpur, Maharashtra 15. M/s. Supreme Petrochem Ltd District Raigad, Maharashtra 16. M/s. Plastene Infrastructure Limited Dist. Kutch, Gujarat 17. M/s. LMJ Werehousing Private Limited Kandla Gujarat 18. M/s. Coastal Ferrotech Limited Haldia East Mednipur, West Bengal The 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. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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