SEZ
268 SEZs are operational in the country: Centre
New Delhi/IBNS: As of date, 376 SEZs are notified and 268 SEZs are operational in the country, according to the Ministry of Commerce and Industries.
Presently, there are 425 formally approved Special Economic Zones (SEZs) in the country, Minister of State for Commerce and Industry Anupriya Patel informed Rajya Sabha in a written reply on Saturday.
SEZs are primarily private investment-driven initiatives.
The delay in setting up and operationalizing SEZs could be attributed to several reasons including adverse business climate due to changed global economic situation, changes in fiscal incentives, etc, the minister said.
As per Section 30 of the SEZ Act, 2005, any goods removed from an SEZ to the Domestic Tariff Area (DTA) shall be chargeable to duties of customs including anti-dumping, countervailing, and safeguard duties under the Customs Tariff Act, 1975, where applicable, as leviable on such goods when imported.
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