Question

write a short note on SEZ. special economic zones???​

Answer 1

A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increased trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation.

Answer 2

Question: Write a note on SEZs.

Answer:

• SEZs[Special Economic Zones] are industrial zones which have world class facilities, such as electricity, water, roads, transport, storage, recreational and educational facilities, etc...
• Companies setting up production units in the SEZs do not have to pay taxes for initial period of 5 years...

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