deffrance between SEZ and CT1-CT3 ?

[Neeraj rai]

Could you tell me what is the deffrance between SEZ and CT1-CT3 ?

AI Summary

Understanding SEZs vs. CT-1/CT-3: Key Differences in Duty-Free Procurement Explained A forum participant inquired about the difference between SEZ and CT1-CT3. Respondents explained that SEZs, or Special Economic Zones, are areas designated to boost exports, attract foreign investment, and create jobs, functioning as foreign territories for trade purposes. Goods can be procured duty-free in SEZs under specific regulations. CT-1 forms allow merchant exporters to procure goods duty-free for export, while CT-3 forms facilitate duty-free procurement for Export Oriented Units (EOUs) and Software Technology Parks of India (STPI) units. CT-1 and CT-3 forms are not applicable to SEZs.