https://www.taxtmi.com/news?id=839 SEZ units must obtain Development Commissioner approval by submitting the prescribed project proposal; the DC issues Letters of Permission/Intent and monitors performance via an Approval Committee with Zone Customs. Units must meet a positive net foreign exchange earning obligation, execute a Bond cum Legal Agreement with the DC and Deputy Commissioner of Customs, and provide annual reports in the prescribed format. Incentives include customs and excise exemptions for imports and domestic procurement, deemed export treatment for DTA supplies, in house customs clearance, EEFC retention, liberal repatriation and FDI policies, and subcontracting freedoms. en-us Wed, 06 May 2009 22:02:00 +0530 Wed, 06 May 2009 22:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=839 SEZ units must obtain Development Commissioner approval by submitting the prescribed project proposal; the DC issues Letters of Permission/Intent and monitors performance via an Approval Committee with Zone Customs. Units must meet a positive net foreign exchange earning obligation, execute a Bond cum Legal Agreement with the DC and Deputy Commissioner of Customs, and provide annual reports in the prescribed format. Incentives include customs and excise exemptions for imports and domestic procurement, deemed export treatment for DTA supplies, in house customs clearance, EEFC retention, liberal repatriation and FDI policies, and subcontracting freedoms. News - Wed, 06 May 2009 22:02:00 +0530 https://www.taxtmi.com/news?id=839