Govt exempts SEZs from integrated GST
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....ovt exempts SEZs from integrated GST <br>GST<br>Dated:- 6-7-2017<br><BR>New Delhi, Jul 6 (PTI) Providing relief to SEZs, the government has exempted goods imported by units or developers of special ec....
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....onomic zones from integrated goods and services tax (IGST). "The central government...hereby exempts all goods imported by a unit or a developer in the Special Economic Zone (SEZ) for authorised....
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.... operations, from the whole of the integrated tax leviable thereon under...the Customs Tariff Act, 1975 read with section 5 of the Integrated Goods and Service Tax Act, 2017," the Department of R....
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....evenue has said in a notification. An SEZ area is considered to be a foreign territory for trade operations and duties, and is mainly set up for promoting exports. Exports from SEZs grew by about 12....
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.... per cent to ₹ 5.24 lakh crore in 2016-17. The shipments from these zones in 2015 -16 were aggregated at ₹ 4.68 lakh crore. Till May 1, the government had approved as many as 421 zones. O....
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....ut of this, 218 are operational.<BR> News - Press release - PIB....