What are the special economic zone(SEZs)?why is the govt setting up SEZs
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it a individual areas with world class facilities
companies who set up units in sezS are exempted from tax for 5 years
pls mark brainlist
companies who set up units in sezS are exempted from tax for 5 years
pls mark brainlist
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HEY DEAR HERE IS YOUR ANSWER ✌✌❤❤
Special Economic Zone (SEZ) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.
SEZs play a key role in rapid economic development of a country.
In the early 1990s, it helped China and there were hopes (perhaps never very high ones, admittedly) that the establishment in India of similar export-processing zones could offer similar benefits -- provided, however, that the zones offered attractive enough concessions.
HOPE IT HELPS U.✌✌
# BE BRAINLY.❤❤
Special Economic Zone (SEZ) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.
SEZs play a key role in rapid economic development of a country.
In the early 1990s, it helped China and there were hopes (perhaps never very high ones, admittedly) that the establishment in India of similar export-processing zones could offer similar benefits -- provided, however, that the zones offered attractive enough concessions.
HOPE IT HELPS U.✌✌
# BE BRAINLY.❤❤
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