Economy, asked by Divyashyam9, 9 months ago

_________________________ usually provide tax- and duty-free treatment of production facilities whose output is meant to be exported.

Answers

Answered by skyfall63
0

Export Processing Zones usually provide tax- and duty-free treatment of production facilities whose output is meant to be exported.

Explanation:

  •  An export processing area, or EPZ, is an area that has been designed to boost industrial & commercial exports by way of investment from foreign companies by stimulating economic growth. The EPZ's main attractions are incentives like tax exemptions and a "barrier-free" environment.
  • An EPZ is a Customs area wherein one is permitted to import machinery, plant, material, & equipment for the "manufacture of export goods" under security, sans payment of duty.

To know more

What are three characteristics of export processing zones? - Brainly.in

https://brainly.in/question/7469256

Answered by bratislava
0

Free trade zones provide tax- and duty-free treatment of production facilities whose output is meant to be exported

Explanation:

  • The free trade zone is a type of SEZ that is a geographical area where the goods may be landed, stored, and handled. These goods are not subjected to custom regulations and duty. They are free to trade zones and are generally found near international airports and seaports.
  • May also be defined as labor-intensive manufacturing sectors and involves the imports of raw materials and export of factory products.  
  • These zones are set by the government to promote industrial and commercial exports. Most of these zones are located in developing countries such as India.

Learn more about the provide tax- and duty-free treatment of production facilities whose output is meant to be exported.

  • brainly.in/question/16528901 answered by skyfall63.
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