https://www.taxtmi.com/news?id=3010 De-notification of SEZs has been approved subject to refund of any duty benefits availed; reasons cited include economic downturn, poor demand, labour shortages and tax burdens. Overall 587 SEZs received formal approval, 380 were notified and 154 were exporting. Approval validity requires implementation within three years; extension requests are considered by the Board of Approval case-by-case with Development Commissioner recommendations. SEZ rules and procedures are periodically reviewed based on stakeholder inputs. en-us Mon, 26 Mar 2012 17:04:17 +0530 Mon, 26 Mar 2012 17:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3010 De-notification of SEZs has been approved subject to refund of any duty benefits availed; reasons cited include economic downturn, poor demand, labour shortages and tax burdens. Overall 587 SEZs received formal approval, 380 were notified and 154 were exporting. Approval validity requires implementation within three years; extension requests are considered by the Board of Approval case-by-case with Development Commissioner recommendations. SEZ rules and procedures are periodically reviewed based on stakeholder inputs. News - Mon, 26 Mar 2012 17:04:17 +0530 https://www.taxtmi.com/news?id=3010