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SUBMITTED BY
SHAILESH KUMAR BANSAL
PGDBA-II
INTRODUCTION
About Indian SEZ
A policy was introduced on 1.4.2000 for setting up of Special Economic Zones in the
country with a view to provide an internationally competitive and hassle free
environment for exports. Units may be set up in SEZ for manufacture of goods and
rendering of services. All the import/export operations of the SEZ units will be on selfcertification basis. The units in the Zone have to be a net foreign exchange earner but
they shall not be subjected to any pre-determined value addition or minimum export
performance requirements. Sales in the Domestic Tariff Area by SEZ units shall be
subject to payment of full Custom Duty and import policy in force. Further Offshore
banking units may be set up in the SEZs.
The policy provides for setting up of SEZ's in the public, private, joint sector or by State
Governments. It was also envisaged that some of the existing Export Processing Zones
would be converted into Special Economic Zones. Accordingly, the Government has
converted Export Processing Zones located at Kandla and Surat (Gujarat), Cochin
(Kerala), Santa Cruz (Mumbai-Maharashtra), Falta (West Bengal), Madras (Tamil Nadu),
Visakhapatnam (Andhra Pradesh) and Noida (Uttar Pradesh) into a Special Economic
Zones. In addition, 3 new Special Economic Zones approved for establishment at Indore
(Madhya Pradesh), Manikanchan Salt Lake (Kolkata) and Jaipur have since
commended operations.
In addition, approval has been given for setting up of 42 Special Economic Zones in
various parts of the country in the private/joint sectors or by the State Government.
Distinguishing Features
a) The zones are proposed to setup by private sector or by state Govt. in association with
Private sector. Private sector is also invited to develop infrastructure facilities in the
existing SEZs
b) State Government has a lead role in the setting up of SEZ.
c) A framework is being developed by creating special windows under existing rules and
regulations of the Central Govt. and State Govt. for SEZ
Special Features
A designated duty free enclave and to be treated as foreign territory for trade operations
and duties and tariffs.
No licence required for import.
Exemption from customs duty on import of capital goods, raw
materials,consumables, spares etc.
Exemption from Central Excise duty on procurement of capital goods, raw materials,
consumable spares etc. from the domestic market.
100% income tax exemption for a block of five years,50% tax exemptions for two years
and upto 50% of the Profits ploughed back for next 3 years under section 10-A of Income
tax Act.
Supplies from DTA to SEZ to be treated as exports under 80HHC of the IT Act.
carry forward of losses
100% Income-tax exemption for 3 years & 50% for 2 years under section 80-LA of the
Income-tax Act for off-shore banking units.
Reimbursement of duty paid on furnace oil, procured from domestic oil companies to
SEZ units as per the rate of Drawback notified by the Directorate General of Foreign
Trade.
SEZ unit to be positive net foreign exchange earner within three years.
Re-export imported goods found defective, goods imported from foreign suppliers on
loan basis etc. without G.R. Waiver under intimation to the Development Commissioner.
"Write-off" of unrealised export bills upto 5%.
Commodity hedging by SEZ units permitted
Capitilization of import payables
Location of the proposed Zone with details of existing infrastructure and that
proposed to be established;
Its area, distance from the nearest sea port / airport / rail / road head etc.
Financial details, including investment proposed mode of financing and viability
of the project.
The State Government shall, forward it along with their commitment to the following to
the Department of Commerce, Government of India:
That area incorporated in the proposed Special Economic Zone is free from
environmental restrictions;
That water, electricity and other services would be provided as required;
That the units would be given full exemption in electricity duty and tax on sale of
electricity for self generated and purchased power;
To allow generation, transmission and distribution of power within SEZ;
To exempt from State sales tax, octroi, mandi tax, turnover tax and any other
duty/cess or levies on the supply of goods from Domestic Tariff Area to SEZ
units;
That for units inside the Zone, the powers under the Industrial Disputes Act and
other related labour Acts would be delegated to the Development Commissioner
and that the units will be declared as a Public Utility Service under Industrial
Disputes Act.
That single point clearances system and minimum inspections requirement under
State Laws/Rules would be provided.
The proposal incorporating the commitments of the State Government will be considered
by an Inter-Ministerial Committee in the Department of Commerce. On acceptance of the
proposal, a letter of permission will be issued to the applicant
Only units approved under SEZ scheme would be permitted to be located in SEZ.
The SEZ units shall abide by local laws, rules, regulations or bye-laws in regard
to area planning, sewerage disposal, pollution control and the like. They shall also
comply with industrial and labour laws as may be locally applicable.
Such SEZ shall make security arrangements to fulfill all the requirements of the
laws, rules and procedures applicable to such SEZ.
The SEZ should have a minimum area of 1000 hectares and at least 25 % of the
area is to be earmarked for developing industrial area for setting up of units.
Minimum area of 1000 hectares will not be applicable to product specific and
port/airport based SEZs .
Wherever the SEZs are landlocked, an Inland Container Depot (ICD) will be an
integral part of SEZs.
(a) townships with residential, educational and recreational facilities on a case to case
basis,
(b)franchise for basic telephone service in SEZ.
SEZ units have to achieve positive net foreign exchange earning as per the
formula given in paragraph Appendix 14-II (para 12.1) of Handbook of
Procedures, Vol.1. For this purpose, a Legal Undertaking is required to be
executed by the unit with the Development Commissioner.
The units have to provide periodic reports to the Development Commissioner and
Zone Customs as provided in Appendix 14-I F of the Handbook of Procedures,
Vol.1.
The units are also to execute a bond with the Zone Customs for their operation in
the SEZ.
Any company set up with FDI has to be incorporated under the Indian Companies
Act with the Registrar of Companies for undertaking Indian operations
SEZ units may import or procure from the domestic sources, duty free, all their
requirements of capital goods, raw materials, consumables, spares, packing
materials, office equipment, DG sets etc. for implementation of their project in the
Zone without any licence or specific approval.
Duty free import/domestic procurement of goods for setting up of SEZ units.
Goods imported/procured locally duty free could be utilised over the approval
period of 5 years.
Domestic sales by SEZ units will now be exempt from SAD.
Domestic sale of finished products, by-products on payment of applicable Custom
duty.
Domestic sale rejects and waste and scrap on payment of applicable Custom duty
on the transaction value .
Income tax
Setting
up
Off-shore
Banking
Units
allowed
in
SEZs.
OBUs allowed 100% Income Tax exemption on profit for 3 years and 50 % for
next two years.
External commercial borrowings by units up to $ 500 million a year allowed
without any maturity restrictions.
Freedom to bring in export proceeds without any time limit.
Flexibility to keep 100% of export proceeds in EEFC account. Freedom to make
overseas investment from it.
Commodity hedging permitted.
Exemption from interest rate surcharge on import finance.
SEZ units allowed to write-off unrealized export bills.
Service Tax:
Environment:
Companies Act :
Enhanced limit of Rs. 2.4 crores per annum allowed for managerial remuneration
Agreement to opening of Regional office of Registrar of Companies in SEZs.
Exemption from requirement of domicile in India for 12 months prior to
appointment as Director.
Sub-Contracting/Contract Farming
Drawback/DEPB
CST Exemption
Exemption from State Levies
Discharge of EP if any on the suppliers
Income Tax benefit as applicable to physical export under section 80 HHC of the
Income Tax Act
Monitoring
Performance of the SEZ units monitored by a Unit Approval Committee consisting of
Development Commissioner, Custom and representative of State Govt. on annual basis.
Important Addresses
Development Commissioner
FSEZ, M.S.O Building,
4th Floor, Nizam Palace, Kolkata-700020
Tel: 91-33-22472263, 22477923, 22404092
Fax: 91-33-22477923
Email : fepz@wb.nic.in
Website : http://www.fepz.com
7. Noida Export Processing Zone
Development Commissioner
NSEZ, Noida Dadri Road, Phase-II,
Noida District,Gautam Budh Nagar-201305 (U.P.)
Tel: from Delhi 95-120-2562315, 2567274, 2567270-73
From outside Delhi-91-120-2567270-3
Fax: 91-120-2562314, 91-2567276
Email : dcnepz@nda.vsnl.net.in
Website : http://www.nepz.org
8. Surat Special Economic Zone
Development Commissioner,
Surat Special Economic Zone
Diamond Park,
SachinSurat-394230
Tel: 91-261-2372733, 2372734
E-mail : Maria@bom3.vsnl.net.in
WebSite : http://www.sursez.com
9. Manikanchan, Salt Lake SEZ (for gems and jewellery)
West Bengal Industrial Development Corporation Ltd.,5,
Council House Street, Kolkata-700001
Tel :91-33-22486583, 22101536/62/63/64/65
Fax: 91-33-2248-3737
E-mail: mdbidc@vsnl.com
10. Indore Special Economic Zone (Multi-product)
3/54, Press Complex, Free Press Home,
H.B. Road, Indore-452008
Tel: 91-731-257229
Email - md@sezindore.com
Website : http://www.sezindore.com
S.No.
SEZ Location
Name of promoter
Telephone (Office)
Moradabad (Handicrafts)
(Ready for operation)
Bornada (Jodhpur)
(Handicrafts) (Ready for
operation)
Fax : 91-22-2269-6021
Positra
(Gujarat)
E-mail : tidco@md3.vsnl.net.in
Website www.tidco.com
(Multi-product)
Nanguneri
(Tamil Nadu)
(Multi-product)
Fax : 91-512-2280797
E-mail : feedback@upsidcltd.com
Hassan (Karnataka)
(Multi-product)
Navi Mumbai
(Multi-product)
Fax : 91-22-2757-1066
E-mail : cidsys@giasbm01.vsnl.net.in
www.navimumbaisez.com
Fax : 91-512-2280797
E-mail : feedback@upsidcltd.com
Kanpur
(Uttar Pradesh)
(Multi-product)
10
Greater Noida
(U.P)
(Multi-product)
11
Visakhapatanam, Andhra
Pradesh
(Multi-product)
12
Kakinada,
Andhra Pradesh
(Port based SEZ)
Fax : 91-512-2280797
E-mail : feedback@upsidcltd.com
Greater Noida
95-120-2566541
Development Authority H169, Chitvan Estate,
Sectors GrammaGreater
Noida City
District G.B. Nagar, U.P.
Fax : 95-120-2566144
A.P. Industrial
91-40-23233596
Infrastructure Corporation 91-40-23230234
Ltd., Parisrama Bhavanam,
6th Floor, 5-9-58/B, Fateh
Maidan RoadHyderabad500004
Fax : 91-40-232340205
www.apsez.com
13
Paradeep
(Orissa)
(Multi-product)
14
Gopalpur
(Orissa)
(Multi-product)
15
Kulpi
(West Bengal)
(Multi-product)
16
Vallarpadam/Puthvypeen
(Kerala)
(Port based SEZ)
17
Noida (UP)
(Handicrafts)
18
Managing Director,
Industrial Development
Corporation of Orissa
(IDCO) IDCO Tower
Janpath, Bhuvaneshwar
Bhuvaneshwar- 751001
Managing Director,
Industrial Development
Corporation of Orissa
(IDCO) IDCO Tower
Janpath, Bhuvaneshwar
Bhuvaneshwar- 751001
Fax No.91-11-26135518/19
E-mail ro.epch@spectranet.com ,
epch@vsnl.com
Web: www.epch.com
E-mail
Kanarachamber@sancharnet.in
www.commodityindia.com/kcci
19
20
21
22
23
Gujarat Infrastructure
91-79-23225805
Development Corporation
Udyog Bhavan, Block
No.4, Sector 11
Gandhinagar 382017
Fax 91-079-23225815
gmdevad1@sanchamet.in
http ://www.gidc.gov.in
E-mail : tidco@md3.vsnl.net.in
Website www.tidco.com
E. mail : Info@mundrasez.com
Fax 2555 5604
www.mundrasez.com
Fax : 91-33-22472538
E-mail : mldcal@vsnl.com
www.dalmiya.com
25
Fax 91-079-23225815
gmdevad1@sanchamet.in
http ://www.gidc.gov.in
26
Chandigarh
24
Gujarat Industrial
91-079-23225801/5811
Development Corporation,
Udyog Bhavan, Block
No.4, 2nd Floor, Sector-11,
GH Road, Gandhinagar
382 017, Gujarat.
Secretary Information
91-0172-2741105
Technology, Chandigarh
(Electronics and IT enabled Administration, UT Sectt.,
services)
Deluxe Building, 5th Floor
( Getting ready for operation) Sector 9-D, Chandigarh.
Fax 91-0172-2741747
27
Adityapur (Jharkahand)
(Multi-product)
Fax 91-0657-2407693
www.aiadaonline.com
28
Gujarat Industrial
91-079-23225801/5811
Development Corporation,
Udyog Bhavan, Block
No.4, 2nd Floor, Sector-11,
GH Road, Gandhinagar
382 017, Gujarat.
Fax 91-079-23225815
gmdevad1@sanchamet.in
http ://www.gidc.gov.in
(Multi-product)
29
30
Noida (UP)
(Multi-product)
91-0522-2238265
Fax: 91-0522-2239530
Fax 91-11-23275483
E-mail : sales@mgfindia.com
31
Gurgaon (Haryana)
(Multi-product)
32
91-0261-2450005
ghbsurat@rediffmail.com
ghbsurat@yahoo.com
34
Sedarapet-Karasur
(Information Technology)
Fax 91-04132334025
secyind@pondy.pon.nic.in
35
33
Fax 91-11-23275483
E-mail : sales@mgfindia.com
Fax 91-04132334025
secyind@pondy.pon.nic.in
36
Kalamassery, Kerala
(Electronics)
37
38
39
40
Mangalore, Karnataka
(IT)
41
42
Faridabad, Haryana
(IT)
43
44
Amritsar, Punjab
(To be indicated)
Nagpur, Maharashtra
(Multi-product)
Fax 91-124-5199100
Fax: 26207700
Fax: 0172-2702039
E-mail: meattle@pbcnet.com
E-mail: psiec_chd@yahoo.co.in
----
45
46
Hassan, Karnataka
Karnataka Industrial Areas 91-80-2215383
Fax No.2217702
(Textiles)
Development Board, 14/3 2215069 2242006 2215069 Website http://kiadb.kar.nic.in
( Getting ready for operation) 2nd Floor R.P. Building
Nrupathunga Road,
Banagalore 560 001.
Mohali, Punjab
M/s. Quarkcity India Pvt. 0172-2237801-16
Fax: 0172-2237414
(IT)
Ltd., A-45,
( Getting ready for operation) Industrial Focal Point,
E-mail: pssehgal@quark.co.in
Phase VIII-B,
Mohali 160059
47
Ghaziabad, U.P.
(Multi-product)
48
49
50
Jamnagar (Gujarat)
52
53
54
----
Fax 91-079-23225815
gmdevad1@sanchamet.in
http ://www.gidc.gov.in
91-11-30331826/27
Fax 91-11-30331819
91-11-23366997
Fax 91-11-23362145
91-11-23366997
Fax 91-11-23362145
91-11-23366997
Fax 91-11-23362145
Hyderabad
91-11-23366997
Fax 91-11-23362145
51
----
Bangalore (Sarjapur)
IT/ITES
55
Bangalore
(IT)
56
Indore, MP
IT
57
Kzhakuttom, Trivandrum
(Kerala)
58
59
Trivandrum (Kerala)
(IT)
60
Pune (Maharashtra)
(IT/TES)
61
Noida (UP)
Hewlett Packard
India Software Operation
Pvt. Ltd.
29, Cunningham Road,
Bangalore 560 052
91-020-26993974
The Electronics
Technology Parks - Kerala,
Park Centre, Techno-park
Campus,
Trivandrum 695 581
Fax: 0471-2700171
91-11-23366997
Fax 91-11-23362145
91-11-23366997
Fax 91-11-23362145
26993921