Special Economic Zones (SEZs) were in the news. Local sales through Special Economic Zones units except import tag.
Highlights:
The government is considering an idea to enable producers in Special Economic Zones (SEZs) to promote their output to the domestic market without treating them as imports.
It is also reviewing the exclusion of special economic zones and export-oriented units from the recently notified export tax refund scheme
It has also recently been emphasized that despite the rising freight and input costs, the special economic zones and EOU units have not benefited under the Remission of Taxes and Duties on Export Products (RoDTEP) scheme.