Exports to third parties by SEZ Unit and 10AA

[Rajendra Prasad]

Dear Sir,

As per SEZ act , exports by third parties are to be treated as exports. Am I eligible to claim 10AA deduction ?

Please clarify

AI Summary

Eligibility for 10AA Deduction Under SEZ Act Clarified: Key Conditions and INR Payment Acceptance Explained A participant inquired whether exports by third parties qualify for a 10AA deduction under the SEZ Act. A respondent clarified that eligibility depends on meeting specific conditions: the entrepreneur must fall under section 2(j) of the SEZ Act, the SEZ unit must have started operations after April 1, 2006, and it must not be formed by restructuring existing businesses or using old machinery. Additionally, units that have already claimed a 10A deduction for 10 years are ineligible. Another response confirmed that benefits can be claimed even if payments are received in INR, provided all conditions are met.