Question

explain any five facilities available in the special economic zones developed by the central and state government to attract foreign investment​

Answer 1

Answer:

Allowing foreign companies as tax free for the first five years in the industrial zones or SEZs (special economic zones). ... SEZs are to have world class facilities, such as electricity, water, roads, transport, storage, recreational & educational facilities. flexibility in labour laws.

Answer 2

Five facilities available in the Special Economic Zones ( SEZs ) by the central and state governments to attract foreign investment :

( i ) Duty free import and domestic procurement of goods for the development , operation , and maintenance of your company .

( ii ) 100 percent income tax exemption on export income for first five years , 50 percent for five years thereafter , and 50 percent of the export profit reinvested in the business for the next five years .

(iii ) Exemption from the Goods and Services Tax ( GST ) and levies imposed by state government . Supplies to SEZs are zero rated under the IGST Act , 2017 , meaning they are not taxed . iv )

External commercial borrowing ( ECB ) is allowed up to US $ 500 million a year without restriction . For developers of an SEZ , the ECB channel may be availed after receiving government approval ,