1. Home >
  2. Export Import News >
  3. SEZ >
  4. No increase in lease rent of SEZ units for 2020-21: Commerce Ministry >
  5. No increase in lease rent of SEZ units for 2020-21: Commerce Ministry

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

No increase in lease rent of SEZ units for 2020-21: Commerce Ministry.

Date: 12-05-2020
Subject: No increase in lease rent of SEZ units for 2020-21: Commerce Ministry
The commerce ministry on Monday said lease rent for units in the government-owned special economic zones (SEZs) will not be increased for 2020-21 due to the COVID-19 pandemic, a move which will provide relief to these facilities. It also said that payment of lease rent for the first quarter is deferred up to July 31 for all SEZ units and the deferment would not invite any interest.

The ministry said that after consulting the proposal with Department of Expenditure, these relief measures were decided for SEZ units on account of COVID-19 outbreak.

There will be "no increase in lease rent of the SEZ units for 2020-21," it said.

Further, it asked development commissioners of other SEZs to advise SEZ developers of state governments and privately-owned zones to consider similar relief measures.

"DCs are requested to advise developers of state government/private SEZs to consider similar relief measures in their zones," it added.

There are seven government-owned SEZs which are located in Kandla, Chennai, Falta, Cochin, Noida, Santacruz and Visakhapatnam.

All the zones are under the supervision of a development commissioner (DC).

A DC said this is a welcome step by the government  and it will help units at a time when they are struggling to deal with the lockdown imposed due to the outbreak of coronavirus.

After the imposition of lockdown from March 25, all units are closed, barring food and pharma related facilities which have been allowed to operate during the period.

An industry expert said that depending upon zone to zone, generally the rent is increased by 7-10 per cent annually.

SEZs are major export hubs in the country as the government provides several incentives and single-window clearance system for them.  Exports from SEZs rose 14.5 per cent to Rs 3.82 lakh crore in April-September 2019-20. It was Rs 7.02 lakh crore in entire 2018-19 financial year.

Source:- moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 25-08-2020

Date: 12-07-2020
Instruction No. 12/2020-Customs
Requirement of AGMARK certification prior to import of Blended edible vegetable oils-reg.

Date: 10-07-2020
Notification No. 30/2020 - Customs
Seeks to amend notification No. 09/2012-Customs dated 09.03.2012, providing for extension of last date of re-import by three months, for those cases where the last date of such re-import falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.

Date: 10-07-2020
Instruction No. 11/2020-Customs
Requirement of Veterinary Certificate for Import of Milk and Milk Products into India-reg

Date: 09-07-2020
Notification No. 18/2020-Customs (ADD)
Seeks to extend anti-dumping duty on import of Phenol originating in or exported from South Africa, imposed vide Notification No. 32/2015-Customs(ADD) dated 10.07.2015, up to and inclusive of 9th January, 2021.

Date: 08-07-2020
Notification No. 17/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of ' Steel and Fibre Glass Measuring tapes and their parts and components ',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR

Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 06-07-2020
Circular No.32/2020-Customs
Circular No.32/2020-Customs dt 6th July 2020 on Turant Customs – Turant Suvidha Kendra and Other Initiatives for Contactless Customs - reg.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001