India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965.
To instill confidence in investors and signal the Government’s commitment to a stable SEZ policy regime and with a view to impart stability to the SEZ regime thereby generating greater economic activity and employment through the establishment of SEZs, a comprehensive SEZ Act was enacted in the year 2005.
SEZ Developer and SEZ Units has plethora benefits like Tax holiday under Income Tax Act, duty exemption from imports, duty exemption from procurement of goods from domestic market, exemption / refund for service tax. In order to avail benefits, the Units needs to adhere guidelines and issues pertaining to reconstruction / spilt-up.
We have helped more than 100 SEZ developer or Units at different stages like formation, operation or exit from scheme. Once the unit is operationalized our export KPO team deputed at unit ensures day to day compliances in order to ensure that the targeted benefits are liquidated by following all steps with in the legal framework. A pre-defined dash-board report at pre-defined intervals helps the clients to have quick desktop review of the compliance status. Our pre-defined audit checks by professional team ensure procedures and compliances are followed scrupulously, the entitled benefits are availed in time. The above functions are well supported by the consultancy and regular updates on changing tax environment by leadership group of directors and our senior professionals.