Govt exempts SEZs from integrated GST

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..... Govt exempts SEZs from integrated GST
GST
Dated:- 6-7-2017

New Delhi, Jul 6 (PTI) Providing relief to SEZs, the government has exempted goods imported by units or developers of special e .....

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..... conomic zones from integrated goods and services tax (IGST). "The central government...hereby exempts all goods imported by a unit or a developer in the Special Economic Zone (SEZ) for authorise .....

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..... d operations, from the whole of the integrated tax leviable thereon under...the Customs Tariff Act, 1975 read with section 5 of the Integrated Goods and Service Tax Act, 2017," the Department of .....

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..... Revenue has said in a notification. An SEZ area is considered to be a foreign territory for trade operations and duties, and is mainly set up for promoting exports. Exports from SEZs grew by about 1 .....

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..... 2 per cent to ₹ 5.24 lakh crore in 2016-17. The shipments from these zones in 2015 -16 were aggregated at ₹ 4.68 lakh crore. Till May 1, the government had approved as many as 421 zones. .....

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..... Out of this, 218 are operational.
News - Press release - PIB .....

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