what are sez's ? what is advantage of it?
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Special Economic Zone means an area that has been specified as an enclave that is duty free and is treated as a foreign territory for various purposes such as tariffs, trade operations, and duties. ... The Advantages of S.E.Z. in India 1. Exemption from duties on all Import duties, excise /VAT, and other Taxes.
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The main Advantages of SEZ Units in India can be summarized as promotion of industrialization and economic growth through sustainable development. ... Further, the first policy statement of the Indian Special Economic Zones were amended to accommodate and compliment the growth attained.
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