TaxTMI 
TaxTMI 
Policy on units in SEZs carrying on recycling of plastic scrap or waste
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....gn sources (iv) creation of employment opportunities (v) development of infrastructure facilities The SEZs being set up under the SEZ Act, 2005 and the units being established therein are established towards the achievement of the above objectives. This yardstick applies equally to the plastics recycling units set up in SEZs. The matrix of fiscal benefits, duty concessions as well as obligations envisaged in the SEZ Act, 2005 and Rules framed thereunder are equally applicable to the units in SEZs carrying on recycling of plastic scrap or waste. Additional safeguards in respect of plastics recycling units have been provided by Rule 18(4) of the SEZ Rules, 2006, which states no proposal shall be considered for:- (a) Recyclin....
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....te constitute those fractions of plastics generated by various plastic processing operations or those fractions generated in the production process of plastics in a plant, which have not been put to any use whatsoever and as such can be termed as virgin or new material which can be recycled into viable commercial products using standard plastic processing techniques but without involving any process of cleaning, whereby effluents are generated." Such virgin/ new Plastic scrap/waste shall be permitted for import in the following forms i.e. compressed, films in cut condition, cut tape soft waste, flakes, powders, pieces of irregular shape. However, PET bottle waste/scrap shall continue to be freely importable as hitherto. Any &n....
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....es by the importer, action as per laws of Ministry of Environment & Forests applicable under the Environment (Protection) Act, 1986 for committing offences leading to damage of environment and increase in pollution in the country, as modified and in force from time to time, would be taken by the competent authority. (vi) As per the Hazardous Waste (Measurement, Handling and Trans-boundary Movement) Rules, 2008, solid plastic waste can be imported into the country only with the permission of the Ministry of Environment and Forests as it is listed in Schedule III (Part B) of the aforesaid rules. All plastic processing units are required to conform to the said Rules. (vii) Before the clearance of the plastic waste/scra....
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....rescribed as under : Period Minimum Physical Export Obligation At the end of 2nd year Not less than 40% of the total annual turnover At the end of 4th year Not less than 80% of the total annual turnover At the end of 5th year 100% of the total annual turnover The unit will be required to continue to physically export 100% of their annual turnover, thereafter. (xi) All applicable laws, rules, regulations etc., pertaining to environmental and other areas, as amended from time to time, shall be strictly complied with by all units in SEZs carrying on recycling of plastic scrap or waste (xii) Compliance with parameters for import of plastic waste/scrap and other regulatory requirements as specified i....