Page 2 - Sez

FY23 Union Budget may rewrite SEZ law, says commerce ministry

He said India was also going to relaunch the FTA with Israel by March-April next year.

DMIC, the infra umbrella that seems to have outlived its usefulness

When it was conceived in the high noon of SEZ and PCPIR projects, planners felt it will draw in large investments. The implementation risks, notably land acquisition, were thoroughly under-focussed

Kumble moots idea of setting up SEZ in AP to make sports goods

: Former captain and coach of the Indian cricket team Anil Kumble has mooted the idea of establishing a Special Economic Zone in Andhra Pradesh for manufacturing sports goods.

IT Dept issues guidelines for applicability of TCS provision from Oct 1

The CBDT said the new introduced TCS provisions would not apply to transactions in securities and commodities which are traded through recognized stock exchanges

GMR to sell 51% stake in Kakinada SEZ to Aurobindo Realty at Rs 2,610 Crore

The stake sale is valued at Rs 2610 crore, of which Rs1,600 crores would be received on the closing date and balance Rs 1,010 crore would be received in the next two to three years

CCI okays acquisition of Krishnapatnam Port Co by Adani Ports and SEZ Ltd

The proposed transaction involves acquisition of equity shareholding along with management control of 100% of the total issued, outstanding preference share capital of Krishnapatnam Port Company

Lockdown impact: UP to reboot export oriented units, SEZs on priority

Chief Minister Adityanath directed officials to expedite the rebooting of these industrial plants apart from industries for which permissions have been granted under lockdown 3.0

Tamil Nadu goes easy on lockdown, allows construction work, SEZ operations

Shops, restaurants, household services given relief too, under certain terms and condiitions

Tamil Nadu SEZs want easy NFE rules to lure foreign cos aiming to relocate

SEZs in the State estimate a loss of around 15-20 per cent of export value owing to the Covid-19 scenario

Coronavirus outbreak: Traders should highlight issues to get govt's help

The govt is trying to identify areas where relief by way of simplifying procedures or extending the deadlines can be provided

In a first, 11 entities get approval for units at GIFT SEZ virtually

Teleconference used in approval process; the 11 entities carry potential to create 500 jobs

Six months after ban, plastic recycling units in SEZs see ray of hope

Commerce ministry favours of restart using imported virgin scrap as raw material; MoEF likely to give its official assent soon

Adanis' Rs 650-crore offer for debt-ridden Dighi Port gets NCLT nod

The NCLT has approved Rs 650-crore resolution plan submitted by Adani Ports & Special Economic Zone (APSEZ) for debt-ridden Dighi Port, located south of Mumbai. The resolution came with a huge 79.2 per cent haircut to the lenders, as they had made a claim of Rs 3,098 crore. The successful bid will give the Adanis access to Maharashtra, where it had no presence, even though the group straddles the entire coastline of the country with 11 operational ports and an under-construction transshipment terminal at Vizhinjam in southern Kerala. It can be noted that Dighi Port was the first port to go for a bankruptcy in April 2018. The 16-member committee of creditors (CoC) led by Bank of India, which collectively have 99.68 per cent voting shares, has approved APSEZ's revised offer of an upfront cash payout of Rs 650 crore, the National Company Law Tribunal (NCLT) said in an order dated March 5. Dighi Port, promoted by industrialist Vijay Kalantri owes Rs 3,098 crore to the lenders. He had

Tata's Gopalpur industrial park breaks jinx for investments in SEZ

Two units set to start operations in 4-5 months

Govt plans to remove minimum alternate tax on SEZs, boost exports

Govt also considering reducing duties on domestic sales

IL&FS group gets approval to sell stake in Mangalore SEZ at fair value

IL&FS is expected to assess the fair market value of its stake in the JV and execute the sale at an appropriate price

All existing notified SEZs deemed to be multi-sector SEZs: Government

Aim is to get more entities to set up manufacturing facilities in SEZs and to help developers to monetise their unutilised land

Govt announces reforms to existing special economic zones framework

Henceforth, all existing and new SEZs would become multi-sector SEZs thereby enabling coexistence of a SEZ unit from any sector along with any other SEZ unit

Tamil Nadu's SEZ in comeback mode with big-ticket investment commitments

Investments by two mobile component manufacturers in the SEZ that disintegrated after the freeze on Nokia plant have brought fresh hope to the state

No customs duty on transfer of goods from one SEZ to another: Expert

For accounting purposes, the depreciation can be worked out as per the Companies Act and for income tax purposes, as per income tax laws