A designated duly free enclave to be treated as foreign territory for trade operation, duties and tariffs.
Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units.
100 % Income Tax exemption for SEZ units under Section 10AA of the Income Tax ACT for first 5 years, 50 % for next 5 years thereafter and 50 % of the ploughed back export profit for next 5 years.
Exemption from minimum alternate tax under section 115JB of the Income Tax Act.
External commercial borrowing by SEZ units up to US$ 500 million in a year without any maturity restriction through recognized banking channels.
Exemption from Central Sales Tax.
Exemption from Service Tax.
Single window clearance for Central and State level approvals.
Exemption from State sales tax and other levies as per State Government Norms.
No stamp duty and Registration Fee on lease deed, loan agreements, Credit deeds and Mortgages.
No license required for import.
Supplies from DTA to SEZ are to be treated as Export.
Reimbursement of duty paid on furnace oil, procured from domestic oil companies to SEZ units as per the rate of Drawback notified by the DGFT.
SEZ units may be for manufacturing, trading or service activity.
100% FDI allowed.
Facility to retain 100 % foreign exchange receipts in EEFC A/c (Export Earners Foreign Currency Account).
Facility to realize and repatriate export proceeds within 12 months.
Performance of the units to be monitored by a committee headed by Development Commissioner and Custom Officer.
Capitalisation of import payables.
Domestic sales on payment of full customs duty allowed subject to import policy in force.
No fixed wastage norms.
Full freedom for sub-contracting including subcontracting abroad.
Duty free goods to be utilized in 5 years.
Job work on behalf of domestic exporters for direct export cargo.
No routine examinations by customs of export and import cargo.
Simplified labour laws as per Gujarat Government SEZ Act 2004
Full freedom in allocation of developed plots to approved SEZ units on purely commercial basis.
Full authority to Developer to provide services like water, electricity, security, restaurants, recreation centers etc. on commercial lines.
Income Tax exemption to Investor's in SEZ's under section 10 (23) G of Income Tax Act.
Investment made by individuals etc. in the SEZ is also eligible for exemption under IT act.
Generation, Transmission and Distribution of power in SEZs allowed.