Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 11 2014 2014 (11) This

Special Economic Zones

28-11-2014
  • Contents

In addition to Seven Central Government Special Economic Zones (SEZs) and 11 State/Private Sector SEZs set-up prior to the enactment of the SEZ Act, 2005, approval has been accorded to 524 proposals out of which 352 SEZs have been notified.  There are a total of 196 functional SEZs. The fiscal concessions and duty benefits allowed to Special Economic Zones (SEZs) are in built into the SEZs Act, 2005 and SEZs Rules, 2006 framed thereunder. These exemptions are uniformly applicable to all SEZs and are in the nature of incentives for export and are consistent with the principles that guide export promotion initiatives of the Government in general.

States/UTs-wise details of functional/non-functional SEZs and their contribution to exports and employment generation during the last three years and the current year are at Annexure-I and Annexure-II respectively.

Recently Board of Approval on Special Economic Zones (SEZs) has approved for de-notification/cancellation of 35 notified/formally approved SEZs (Annexure-III) as the progress made by the Developers of these SEZs is not satisfactory. These de-notification/cancellation are subject to payment of all applicable duties and tax benefits availed by the Developer and receipt of No-objection Certificate (NOC) from the concerned State Government. Further, 18 in-principle approved SEZs (Annexure-IV) have been cancelled by the Department owing to no further action has been taken by the Developers. 

There have been demands from various quarters for discontinuing of Minimum Alternate Tax (MAT) imposed to SEZ Developers and Units and Dividend Distribution Tax (DDT) levied on SEZ Developers.  Ministry of Commerce and Industry (Department of Commerce) had recommended the restoration of original exemption from Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) to SEZ developers and units. However, Ministry of Finance has not agreed.

As per entry no. 18 of the State list in the 7th schedule to the Constitution of India, land is a State subject.

Review of functioning of SEZs is an on-going process and on the basis of inputs/suggestions received from stakeholders on the policy and operational framework of the SEZ Scheme, Government periodically takes necessary measures so as to facilitate speedy and effective implementation of SEZ Scheme.

Annexure-I

 States/UTs-wise details of functional SEZs

States/UTs

Functional SEZs (Central Govt. + State Govt./Pvt. SEZs + notified SEZs under the SEZ Act, 2005)

Nonfunctional SEZs

Andhra Pradesh

18

27

Chandigarh

2

0

Chhattisgarh

1

2

Delhi

0

3

Goa

0

7

Gujarat

18

24

Haryana

6

31

Jharkhand

0

1

Karnataka

25

34

Kerala

14

19

Madhya Pradesh

2

19

Maharashtra

25

54

Manipur

0

1

Nagaland

0

2

Odisha

2

7

Puducherry

0

2

Punjab

2

6

Rajasthan

4

7

Tamil Nadu

36

29

Telangana

24

36

Uttar Pradesh

10

24

Uttarakhand

0

1

West Bengal

7

10

GRAND TOTAL

196

346

 

 Annexure-II

 States/UTs-wise details of contribution of Exports and Employment from SEZs during the last three years and current financial year

 

Exports

Employment*

(Rs. in Crore)

(In Persons)

Sl. No.

States/UTs

2011-12

2012-13      

2013-14     

2014-15     (as on 30.9.2014)

2011-12

2012-13      

2013-14    

2014-15     (as on 30.9.2014)

1

Gujarat

182414.33

226937.74

225042

107602.42

42097

51190

75586

64356

2

Karnataka

22006.81

39363.94

51372.88

21682.80

85055

141366

193686

206096

3

Tamil Nadu

50152.39

67618

71417

35847.40

219989

237950

268405

288160

4

Maharashtra

24198.83

42962.25

56399.23

26073.40

194469

271134

339919

340061

5

Kerala

31373.3

33824.47

8003.64

2853.77

23799

25701

32311

45581

6

Andhra Pradesh

18163.8

27687.71

33291.07

3955.01

117266

144346

157280

46024

7

Telangana

0

0

0

16598

0

0

0

128749

8

Uttar Pradesh

13637.38

12591.49

16282.42

7736.87

63637

75101

83970

89684

9

West Bengal

14870.7

15050.7

16204.27

2696.75

36309

55656

48112

49599

10

Haryana

3442.95

4980.75

8740.43

5397.80

29220

38497

50208

54732

11

Madhya Pradesh

1637.12

1937.16

2984.23

2048.65

12313

12429

10308

10440

12

Rajasthan

1315.69

1498.42

2036.59

1039.78

11028

13163

14574

16254

13

Chandigarh

1103.25

1339.93

1778.15

1024.80

7620

6140

5927

6369

14

Chhattisgarh

0

9.56

1.84

2.96

0

119

119

40

15

Odisha

158.27

217.21

386.09

115.62

1787

1715

1577

2043

16

Punjab

2.91

139.6

136.72

145.52

299

369

1299

1855

17

Goa

0

0

0

0

28

28

28

28

TOTAL

364478

476159

494077

234821

844916

1074904

1283309

1350071

* Calculated on cumulative basis.

 Annexure-III

 List of SEZs de-notified/cancelled by BoA

Sl. No.

Name of the Developers

Date of formal approval

1

M/s. Hindalco Industries Ltd.

(Sambalpur, Odisha)

30.07.2007

2.

M/s. Essar Jamnagar SEZ Ltd.

(Jamnagar, Gujarat)

21.08.2006

3.

M/s. Asia Pacific Corporation Ltd.

(Dist. Kutch Gujarat)

07.01.2008

4.

M/s. Adani Townships & Real Estate Company Pvt. Ltd.

(Ahmedabad, Gujarat)

12.06.2007

5.

M/s. Gaurinandan Property Holders Pvt. Ltd.

 (Ahmedabad, Gujarat)

21.11.2008

6.

M/s. Gujarat Industrial Development Corporation

(Jhagadia Bharuch, Gujarat)

21.08.2006

7.

M/s. Chennai Business Park Pvt. Ltd.

(Kanchipuram District, Tamil Nadu)

19.06.2007

8.

M/s. Viraj Profiles Ltd. (Dist. Thane, Maharashtra)

21.08.2006

9.

M/s. Enfield Realtors Ltd. (Burdwan, West Bengal)

23.05.2007

10.

M/s. Enfield Exports Ltd. (Burdwan, West Bengal)

23.08.2006

11.

M/s. Enfield Energy Ltd. (Dist. Burdwan, West Bengal)

26.06.2008

12.

M/s. Capstone Developer Pvt. Ltd.

(24, Parganas(S), West Bengal

30.10.2008

13.

M/s. Essel Infraprojects Ltd.

(Gorai-manori-Uttan Region, Mumbai)

30.10.2008

14.

M/s. RNA Builders (Dist. Thane, Maharashtra)

26.11.2007

15.

M/s. AEC Marketing Pvt. Ltd. (Dadra and Nagar Haveli)

22.04.2008

16.

M/s. Royal Palms India Pvt. Ltd. (Goregaon (East), Mumbai)

26.06.2007

17.

M/s. Marathon Prachin Infrastructure Pvt. Ltd. (Panvel, Distt. Raigad)

15.11.2006

18.

M/s. Bombay Industrial Corporation (Distt. Mumbai, Maharashtra)

19.06.2007

19.

M/s. Reliance Infocom Infrastructure Pvt. Ltd.

 (Navi Mumbai, Maharashtra)

26.07.2007

20.

M/s. Pride Infrastructure Pvt. Ltd.

(Pune, Maharashtra)

25.10.2007

21.

M/s. Rajiv Gandhi IT Park Co-op Society Ltd.

(Distt. Aurangabad, Maharashtra)

30.10.2008

22.

M/s. Kirti Infrastructure Pvt. Ltd.

(Distt. Pune, Maharashtra)

27.02.2009

23.

M/s. Siddhivinayak Knowledge City Developers Pvt. Ltd. (District Pune, Maharashtra)

19.06.2007

24.

M/s. Jindal Photo Limited (Igatpuri Nasik, Maharashtra)

25.06.2007

25.

M/s. Dosti Enterprises (Thane, Maharashtra)

18.06.2007

26.

M/s. City Parks Pvt. Ltd.(Distt. Pune, Maharashtra)

06.11.2006

27.

M/s. Ferrani Hotels Pvt. Ltd. (Malad, Mumbai, Maharashtra)

30.07.2007

28.

M/s. NEPC India Ltd.

 (Coimbatore District, Tamil Nadu)

08.05.2008

29.

M/s. Best and Crompton Engineering Ltd.

(Kancheepuram District, Tamil Nadu)

26.06.2008

30.

M/s. Emaar MGF Land Ltd.

(Comibatore District, Tamil Nadu)

26.02.2009

31.

M/s. GVK Perambalur SEZ Pvt. Ltd.

(Perambalur district, Tamil Nadu)

10.02.2009

32.

M/s. Kovai Hills Township Pvt. Ltd.

 (Coimbatore, Tamil Nadu)

05.12.2007

33.

M/s. SAIL Salem SEZ Pvt. Ltd.

26.06.2008

34.

M/s. Tamil Nadu Industrial Development Corporation (TIDCO) (Kancheepuram, Tamil Nadu)

25.06.2007

35.

M/s. Anush Infrastructure Pvt. Ltd.

(Kancheepuram Distt., Tamil Nadu)

06.06.2006

 

       

 Annexure-IV

List of in-principle approved SEZs cancelled

Sl. No.

Name of the Developer

Location

 

1.

M/s. Indian Steel Corporation Limited

 

District Bhuj, Gujarat

2.

M/s. Sri Kubera Infracon India Ltd.

 

Medak District, Andhra Pradesh

3.

M/s. Ozone SEZ Developers Pvt. Ltd.

Chikkaballapur, Karnataka

4.

M/s. Lepakshi Knowledge Hub Private Limited

Ananthapur District, Andhra Pradesh

5.

M/s. Reliable Smartcity Limited

 

Pachama (Abdullahpur) District,  Madhya Pradesh

6.

M/s. RNB Infrastructure Private Limited.

 

Coimbatore, Tamil Nadu

7.

M/s. United Infrastructure Pvt. Ltd.

 

Indore District, Madhya Pradesh

8.

M/s. Tirunelveli Infrastructure  Developers Private Limited.

 

Tirunelveli District, Tamil Nadu

9.

M/s. Industrial Infrastructure Development Corporation (Gwalior) M.P. Ltd.

 

Gwalior District, Madhya Pradesh

10.

M/s. Chowgule Ports & Infrastructure Pvt. Limited

District, Ratnagiri, Maharashtra

11.

M/s. Videocon Industrial Limited

Navi Mumbai Maharashtra

12.

M/s.  Maharaja Multitrade Private  Limited

 

District Nashik, Maharashtra

13.

M/s. Uttam Galva Steels Limited

District Raigad, Maharashtra

14.

M/s. Maharashtra Airport Development Company Limited

Nagpur, Maharashtra

15.

M/s. Supreme Petrochem Ltd

District Raigad, Maharashtra

16.

M/s. Plastene Infrastructure Limited

Dist. Kutch, Gujarat

17.

M/s. LMJ Werehousing Private Limited

Kandla Gujarat

18.

M/s. Coastal Ferrotech Limited

 

Haldia East Mednipur, West Bengal

 

The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

Quick Updates:Latest Updates