see para 8.2 b of deemed exports foreign trade policy
SEZ units can be set only in designated SEZ's (Currently 12 operating SEZ's) EOU can be set anywhere in India SEZ units has to be new unit. No Conversion is allowed. Running DTA unit can be converted into EOU DTA sales allowed on payment of full Duties DTA sales up to 50% of FOB Value Of Exports permitted on Conncessional Rate of Duty Trading unit are permitted in SEZ Trading units not permitted in EOU's 100% Income Tax exemption for 20 years 100% Income tax Exemption up to 31/03/2009 No routine examination of Export Import Cargo by Customs Examination of Export Import Cargo By Customs Import on self-declaration basis For import of CG, attestation of List by DC required Export Proceeds to be realized Within 12 months Export Proceeds to be realized Within 6 months Retention of 100% Export Earning in EEFC A/C Retention of 70% Export Earning In EEFC A/C Supplies made in the DTA not Counted towards Fulfillment of EP/ NEPF Supplies made in the DTA counted towards Fulfillment of EP/NEPF 100% FDI in allowed automatically for Manufacturing SEZ Units FIPB approval required as per sectoral guideline Benefits of DEPB in lieu of DBK for supplies from DTA Not Available for EOU Duty Free material except CG to be Utilized over a period of 5 Years Duty Free material except CG to be Utilized over a period of 2 Years Exemption from Payment of Service Tax No Exemption allowed Off shore Banking (OBU) is Permitted by RBI OBU not permitted
Cocept of SEZ.
Special Economic Zone
Chaitanaya Infrastructure Private Limited proposes to set up a SEZ in Multi Product sector in Malur in Kolar District over an area of 1450 hectares.
assam
SEZ units can be set only in designated SEZ's (Currently 12 operating SEZ's) EOU can be set anywhere in India SEZ units has to be new unit. No Conversion is allowed. Running DTA unit can be converted into EOU DTA sales allowed on payment of full Duties DTA sales up to 50% of FOB Value Of Exports permitted on Conncessional Rate of Duty Trading unit are permitted in SEZ Trading units not permitted in EOU's 100% Income Tax exemption for 20 years 100% Income tax Exemption up to 31/03/2009 No routine examination of Export Import Cargo by Customs Examination of Export Import Cargo By Customs Import on self-declaration basis For import of CG, attestation of List by DC required Export Proceeds to be realized Within 12 months Export Proceeds to be realized Within 6 months Retention of 100% Export Earning in EEFC A/C Retention of 70% Export Earning In EEFC A/C Supplies made in the DTA not Counted towards Fulfillment of EP/ NEPF Supplies made in the DTA counted towards Fulfillment of EP/NEPF 100% FDI in allowed automatically for Manufacturing SEZ Units FIPB approval required as per sectoral guideline Benefits of DEPB in lieu of DBK for supplies from DTA Not Available for EOU Duty Free material except CG to be Utilized over a period of 5 Years Duty Free material except CG to be Utilized over a period of 2 Years Exemption from Payment of Service Tax No Exemption allowed Off shore Banking (OBU) is Permitted by RBI OBU not permitted
TDS applicability on SEZ (Special Economic Zone) parties can be a bit complex. General Rule: For domestic transactions, TDS is applicable on payments made to residents. However, SEZs are treated as foreign territories for tax purposes, which affects TDS applicability. TDS on Payments to SEZ Units or Developers: According to the Income-tax Act, 1961, TDS is applicable on payments made to SEZ units or developers, but only if the payment is for a specific service or goods. For instance, if an SEZ unit pays for rent, maintenance charges, or electricity, TDS might be applicable under sections like 194I. Import of Goods: If goods are imported from an SEZ, TDS is not required to be deducted, as imports are exempt. Section 194Q and SEZ: Section 194Q deals with TDS on purchase of goods exceeding ₹50 lakhs. However, its applicability on SEZ transactions is unclear. It's recommended to consult a tax expert or refer to specific tax advisories for guidance . To ensure compliance with TDS regulations, it's essential to consult with a tax professional or refer to the latest tax advisories and circulars
Sez who?
Cocept of SEZ.
# the answer of sez is when you start to get a lot of itching on your back #
Annie Sez can be famous for many reasons. There are Annie Sez restaurants as well as people. Annie Sez is also a famous brand of dresses in the United States.
The duration of Simon Sez is 1.42 hours.
Some words that rhyme with "sez" are "says" and "fez."
Simon Sez was created on 1999-09-24.
Sez Les was created on 1969-04-30.
Sez Les ended on 1976-11-30.
Cause I Sez So was created on 2009-05-05.