Modification in Instruction No. 1/2006 dated 24th March, 2006 of the Department of Commerce regarding setting up of trading units in the Special Economic Zones - Reg.
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Tax treatment for SEZ trading clarified; tax benefits limited to re export of imported goods, domestic sourcing allowed with undertaking. SEZ trading units are permitted to carry out all forms of trading activity, but income tax benefits are excluded for trading except trading consisting of re export of imported goods; interim permission to source from the domestic area is allowed if the unit cites this circular and submits an undertaking that no income tax benefits will be claimed for trading other than re export of imported goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax treatment for SEZ trading clarified; tax benefits limited to re export of imported goods, domestic sourcing allowed with undertaking.
SEZ trading units are permitted to carry out all forms of trading activity, but income tax benefits are excluded for trading except trading consisting of re export of imported goods; interim permission to source from the domestic area is allowed if the unit cites this circular and submits an undertaking that no income tax benefits will be claimed for trading other than re export of imported goods.
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