Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Partial denotification of SEZs, single window clearance mechanism in DESH draft.


Date: 23-06-2022
Subject: Partial denotification of SEZs, single window clearance mechanism in DESH draft
New Delhi: The draft law to revamp the Special Economic Zones (SEZ) into Development of Enterprise and Service Hubs (DESH) has met the services industry's long standing demand to allow partial denotification to free up the area not in demand.

It has also proposed to set up an integrated single window clearance mechanism for the grant of time-bound approvals for the establishment and operation of these hubs, including the single application forms and returns.

Permitting partial notification of IT and services SEZs, it said that "the built up area in a services hub shall not be required to be contiguous".

"This would be huge relief to the IT SEZs as they had been seeking partial denotification for long," said an official.

The commerce and industry ministry has begun the process to ease the process of denotifying empty spaces of above 100 million sq ft built-up area, worth ₹30,000 crore in the 250-plus SEZs in the country so that the areas that have no more demand can be used for industrial or other purposes.

Further, to give a boost to ease of doing business, the draft DESH bill also provides for establishment and maintenance of an online portal within six months from the date of commencement of the Act.

"The online portal shall serve as the single window clearance mechanism for the grant of time-bound approvals for the establishment and operation of Development Hubs, including the single application forms and returns," it said.

These proposals are part of the overhaul of India's SEZs into DESH which may be allowed to sell in the domestic market, and also contract manufacture for those outside these zones. At present, sub-contracting is allowed with annual permission and certain conditions such as the value of the sub-contracted production of a unit in any financial year to not exceed the value of goods produced by the unit within its own premises in the immediate previous fiscal.

While the draft law allows for disputes to be resolved through mediation, it also states that arbitration to be the route "where the commercial dispute could not be settled or has been settled only in part by mediation". It also suggests the state boards to also have private sector participation with one representative nominated by the developer concerned.

"Company representation on the board is not desirable as it can lead to confusion. We have suggested the government to stick to the concept of Development Commissioner only," said an industry representative.

SEZ exports fell to $102.3 billion in FY21 from $112.3 billion in FY20.

A relook at the SEZ Act came after the government last year adopted a sunset clause, suggesting that only those units that started production on or before June 30, 2020, would be granted a phased income-tax holiday for 15 years.

Source Name:-Economic Times








Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 22-11-2023
Notification No. 13/2023 -Customs (ADD)
Seeks to further amend notification No. 47/2021-Customs (ADD), dated 26th August, 2021, imposing Anti-dumping Duty on imports of "Natural mica-based pearl industrial pigments excluding cosmetic grade" from China PR, to modify the existing duty table .

Date: 21-11-2023
NOTIFICATION No. 12/2023-Customs (ADD)
Seeks to continue levy of anti-dumping duty on "Synthetic Grade Zeolite 4A (Detergent Grade) from China PR for 5 years pursuant to First Sunset Review Final Findings issued by DGTR."

Date: 17-11-2023
NOTIFICATION No. 11/2023-Customs (ADD)
seeks to impose anti-dumping duty on toughened glass for home appliances imported from China PR for a period of 5 years.

Date: 17-11-2023
NOTIFICATION No. 54/2023- Central Tax
Seeks to amend Notification No. 27/2022 dated 26.12.2022 to notify biometric-based Aadhaar authentication for GST registration in the State of Andhra Pradesh.

Date: 16-11-2023
Notification No. 84/2023 - Customs (N.T.)
Exchange Rate Notification No. 84/2023-Cus (NT) dated 16.11.2023-reg

Date: 15-11-2023
Notification No. 83/2023 - Customs (N.T.)
Exchange Rate Notification No. 83/2023-Cus (NT) dated 15.11.2023-reg

Date: 15-11-2023
Notification No. 82/2023-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 02-11-2023
Notification No. 16/2023- Union Territory Tax (Rate)
Seeks to amend Notification No 17/2017- Union territory Tax (Rate) dated 28.06.2017.

Date: 02-11-2023
NOTIFICATION No. 53/2023– CENTRAL TAX
Seeks to notify a special procedure for condonation of delay in filing of appeals against demand orders passed until 31st March, 2023.

Date: 02-11-2023
Notification No. 81/2023 - Customs (N.T.)
Exchange Rate Notification No. 81/2023-Cus (NT) dated 02.11.2023-reg



Exim Guru Copyright © 1999-2023 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.

EximGuru.com

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