SEZ Procedure

[Samir Gokhale]

I am working with an STPI unit and have recently started operations in SEZ unit. I belive that second hand capital goods can be transferred in SEZ unit under 80:20 ratio (new:used). However we do not get any tax exemption. Wish to know how this 80:20 formula works. What procedure / documentation is to be followed while transferrnig goods under 80:20 ratio and what types of accounts we need to maintain at unit when such used capital goods are transferred under this ratio.

AI Summary

Inquiry on Transferring Second-Hand Capital Goods in SEZ: Clarification Sought on 80:20 Ratio Procedure and Documentation A user working with an STPI unit and operating in an SEZ unit inquired about transferring second-hand capital goods under an 80:20 ratio (new:used) and sought guidance on procedures, documentation, and account maintenance. One respondent stated that there is no mention of such a formula in the SEZ Act and Rules, inviting further information if available. Another respondent suggested that a procedure exists and offered to discuss it further via email.