what is SEZ in commercial term.Recently i heard that Reliance is entering in SEZ.?

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what is SEZ in commercial term.Recently i heard that Reliance is entering in SEZ.?

2006-07-01 20:16:50 · 1 answers · asked by swatwal75 1 in Business & Finance ➔ Other - Business & Finance

1 answers

SEZ stands for Special Export Zones. These are specially designed zones for 100% export.

Units established in SEZ got lots of benefits from government in the form of Income tax, Excise, Sales tax, Custom Duty exemptions. Also lots of services are available under one roof.

Like UAE have special export zones, so does India has. Recently RIL has signed an agreement with Haryana Govt. to create an SEZ with an investment of 25000 crore INR.

Examples of some of SEZ are NEPZ, SEEPZ etc.

2006-07-05 09:24:52 · answer #1 · answered by DeepakB 3 · 0⤊ 0⤋