Question

write any two benefit companies got in SEZs?​

Answer 1

Answer:

1. A main factor in determining the success of SEZ is growth in the exports made by them.

2. The purpose behind their establishment is to provide an internationally competitive environment to increase export, by making available goods and services free of tax and duties supported by convergent infrastructure.

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Answer 2

Answer:

Salient features of SEZ are:-

• Designated duty-free industrial park to be treated as foreign territory for trade operations, duties and tariffs.
• No licence required for import.
• Exemption from customs duty on import of capital goods, raw materials, consumable spares etc.