Special Economic Zones
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Facilities of Surat SEZ
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Facilities of Surat SEZ has been a real patronage to those who aspired to set up their units in the sectors in Surat special economic zone. By providing the maximum beneficiary programs, Surat SEZ has acquired few most effective and efficient large-scale units funded by various industries.
Surat SEZ is an ISO 9001:2000 certified zone. One of the biggest facilities of the Surat special economic zone is that, it renders duty-free enclave to the proposed units in the zone as thereby is claimed to be known as foreign territory in terms of trading operations as well as other duties and tariffs.
All the units in Surat special economic zone is absolutely exempted from central sales tax and service tax and sales in the Surat SEZ are eligible for draw back and the benefits offered by DEPB. The units in the special economic zone of Surat are also privileged to estimate the cost of capital goods. Another very important incentive offered by Surat SEZ to the investors is that, the units are allowed to undertake any job work or activities related to export production on behalf of the domestic exporters and export them directly to the deserved places from the special economic zone on behalf of domestic exporters itself.
The units in Surat SEZ are enjoys total exemption from duties, levies, industrial license requirement, and also input or output rules and regulations. SEZ unit in Surat permits the work from DTA units as well. The capital goods that are being imported by Surat special economic zone units enjoy capitalization after every 10 years. Some of the benefits offered by section 10 AA of IT Act include Corporate Tax holiday on export profits for 15 years which can be classified as, 100 percent for first 5 years, 50 percent for the next 5 years and up to 50 percent for the remaining 5 years which equals the profits for investment.
The import of capital goods, raw materials, consumables supplies, and many more enjoys the maximum benefits among all other activities as they are absolutely excluded from paying any customs duty and central excise duty at the procurement of the same from local market. Setting up of units and maintenance of the same also enjoys the benefits of these tax exemptions on the sector. The import and export transactions are permitted for the self-certification benefit. The state government has also designed a number of beneficiary acts as one of the Facilities of Surat SEZ. A special SEZ Act is enacted by the state government that determines exemption from payment of stamp duty and registration fees on all its activities as well as on the agreements concerning Surat SEZ. The unit does not have to pay any electricity duty as well and is subjected to public utility services.
One of the best facilities of Surat SEZ is its infrastructural balance. The zone is located in an eco-friendly area that has helped the zone to remain connected with the major commercial corners of the state. It renders all kinds of infrastructural facilities possible such as sufficient water and power supply, electricity and street lights, clear water drainage system and so on. 100 percent foreign direct investment is entitled to the manufacturing sector in the Surat SEZ and this has been a major benefit for the upcoming units in the Surat special economic zone.
All the units in Surat special economic zone is absolutely exempted from central sales tax and service tax and sales in the Surat SEZ are eligible for draw back and the benefits offered by DEPB. The units in the special economic zone of Surat are also privileged to estimate the cost of capital goods. Another very important incentive offered by Surat SEZ to the investors is that, the units are allowed to undertake any job work or activities related to export production on behalf of the domestic exporters and export them directly to the deserved places from the special economic zone on behalf of domestic exporters itself.
The units in Surat SEZ are enjoys total exemption from duties, levies, industrial license requirement, and also input or output rules and regulations. SEZ unit in Surat permits the work from DTA units as well. The capital goods that are being imported by Surat special economic zone units enjoy capitalization after every 10 years. Some of the benefits offered by section 10 AA of IT Act include Corporate Tax holiday on export profits for 15 years which can be classified as, 100 percent for first 5 years, 50 percent for the next 5 years and up to 50 percent for the remaining 5 years which equals the profits for investment.
The import of capital goods, raw materials, consumables supplies, and many more enjoys the maximum benefits among all other activities as they are absolutely excluded from paying any customs duty and central excise duty at the procurement of the same from local market. Setting up of units and maintenance of the same also enjoys the benefits of these tax exemptions on the sector. The import and export transactions are permitted for the self-certification benefit. The state government has also designed a number of beneficiary acts as one of the Facilities of Surat SEZ. A special SEZ Act is enacted by the state government that determines exemption from payment of stamp duty and registration fees on all its activities as well as on the agreements concerning Surat SEZ. The unit does not have to pay any electricity duty as well and is subjected to public utility services.
One of the best facilities of Surat SEZ is its infrastructural balance. The zone is located in an eco-friendly area that has helped the zone to remain connected with the major commercial corners of the state. It renders all kinds of infrastructural facilities possible such as sufficient water and power supply, electricity and street lights, clear water drainage system and so on. 100 percent foreign direct investment is entitled to the manufacturing sector in the Surat SEZ and this has been a major benefit for the upcoming units in the Surat special economic zone.
