Clarification on various Policy and operational issues relating to IT SEZs.

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....r/Madam, Please find enclosed a copy of clarifications/decisions taken in a meeting chaired by AS(DKM) about various policy and operational issues concerning IT SEZs, for compliance. F.No.12/4/2010-SEZ (R K Pandey) Under Secretary to the Govt. of India Minutes of the meeting held on 2.11.2010 at 1230 Hrs with STPI Directors regarding issues relating to IT SEZs A meeting was held under the ....

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....arding the IT exemption will lie with the Income Tax Department. The ratio 80:20 of new:used capital goods shall be reckoned on the date the unit starts to produce goods or services. (ii) There is no limitation on the transfer of manpower to the SEZ units. (iii) In respect of the IT companies which operate Master Contracts and which have units in STPIs and DTA etc. and which farm out the subcont....

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....nstruction No. 59) which provides that there is no objection in-principle to the shifting the unit from one SEZ to another. However, all such proposals are required to be placed before the Board of Approval for its consideration. 4. Broad banding of IT/ITES SEZs to include Hardware also- While the Letter of Approval being issued to IT/ITES SEZs has been broad' banded to include electronic hardwa....