https://www.taxtmi.com/news?id=3609 SEZs established under the SEZ Act, 2005 are designed to promote exports, investment and employment through built-in fiscal concessions and duty exemptions; proposals require state consent and Board of Approval scrutiny, Development Commissioners conduct annual monitoring, and units must achieve positive Net Foreign Exchange cumulatively over five years or face penal action under the Foreign Trade (Development and Regulation) Act, 1992. The release summarises state-wise approvals, notifications, operational status, export performance by sector, employment gains, and reasons for developer requests for de-notification, with rules and procedures periodically reviewed. en-us Mon, 13 Aug 2012 16:58:39 +0530 Mon, 13 Aug 2012 16:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3609 SEZs established under the SEZ Act, 2005 are designed to promote exports, investment and employment through built-in fiscal concessions and duty exemptions; proposals require state consent and Board of Approval scrutiny, Development Commissioners conduct annual monitoring, and units must achieve positive Net Foreign Exchange cumulatively over five years or face penal action under the Foreign Trade (Development and Regulation) Act, 1992. The release summarises state-wise approvals, notifications, operational status, export performance by sector, employment gains, and reasons for developer requests for de-notification, with rules and procedures periodically reviewed. News - Mon, 13 Aug 2012 16:58:39 +0530 https://www.taxtmi.com/news?id=3609