conversion to SEZ

[RS SIMHA]

Can an existing DTA unit which has over 95% of the business through exports apply for conversion to SEZ

AI Summary

DTA Units with 95% Exports Can Convert to SEZ with Positive NFE Over Five Years: Key Steps Explained An existing Domestic Tariff Area (DTA) unit with over 95% export business can apply for conversion to a Special Economic Zone (SEZ), provided it achieves a positive Net Foreign Exchange (NFE) over five years. The process involves consulting the jurisdictional SEZ Officer as many formalities are required, which may not be fully detailed online. Additional information can be found in the Foreign Trade Procedure 2015-2020, Appendix -6J. The discussion acknowledges the contributions of various experts in providing guidance on the conversion process.