SEZs to Be Registered with Councils to Avail Export Benefits
August 21, 2016
The Government of India has made it mandatory for all Special Economic Zones (SEZs) to obtain certificate from the Export Promotion Council for SEZs and EOUs if they want to avail rebates like duty drawbacks.
According to the Department of Commerce, the unit or the developer including co-developer shall obtain a registration-cum-membership certificate for availing such exemptions, drawbacks and concessions.
As of now, only 800 out of 4,100 operational SEZ units are registered with the export promotion council, making it difficult for the government to streamline the sector.