conversion to SEZ

[RS SIMHA]

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

[KASTURI SETHI]

Yes. It can be converted into SEZ. What is crucial is to achieve positive NFE (Net Foreign Exchange) in five years. In other words, exports should be more than imports.

[RS SIMHA]

Thanks Mr. Kasturi Seth , is it possible to highlight the process that we need to follow / any website link that I can take a look for this conversion .

[KASTURI SETHI]

Dear Querist,

For this, you will have to visit jurisdictional SEZ Officer. There are so many formalities to be completed. Everything is not available on the site. Latest and correct information and procedure, it is better to visit the office of In-charge SEZ Unit.

[Kishan Barai]

You will find details of it via

Appendix -6J - JURISDICTION OF SPECIAL ECONOMIC ZONES - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised

[KASTURI SETHI]

Sh.Kishan Barai Ji,. Thanks for enrichment of my knowledge.

[YAGAY and SUN]

We duly endorse the very views of experts.

AI Summary

Conversion to SEZ requires achieving positive Net Foreign Exchange within five years, then securing approvals from the SEZ officer.
Conversion of a DTA unit into an SEZ is permitted provided the unit demonstrates positive Net Foreign Exchange within five years (exports exceed imports); the applicant must approach the jurisdictional SEZ officer to complete prescribed formalities and consult the Foreign Trade Procedure guidance on SEZ jurisdiction.