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Special Economic Zone as per Central Sales Tax, 1956 --> A Special Economic Zone (SEZ) is a geographically bound zone where the economic laws relating to export and import are more liberal as compared to other parts of the country. These are like a separate island within the territory of India.
The four aforementioned special economic zones were all established from 1980 to 1981. As of 2024, there have been 3 additional special economic zones. In 1988, Hainan became the fifth SEZ. In 1990, Pudong district in Shanghai became the sixth "SEZ". In 2009, Binhai district in Tianjin became the seventh SEZ.
The definition of an SEZ is determined individually by each country. According to the World Bank in 2008, the modern-day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management or administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and ...
SRC Allah Valley Economic Development Zone: Tubi-Allah, Surallah, South Cotabato: Sarangani Resources Corporation: R-XII: 56.1 SRC Calumpang Economic Development Zone: Calumpang, General Santos: Sarangani Resources Corporation: R-XII: 18.67 Valencia Special Economic Zone: Brgy. Palinpinon, Valencia, Negros Oriental: Municipal Government of ...
Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone ...
Public Authority for Special Economic Zones and Free Zones; Q. Qeshm Island; Qualifying industrial zone; R. Rason Special Economic Zone; S. Sama Jaya Free Industrial ...
Economic zone may refer to: Exclusive economic zone , an area of sea over which a sovereign state has special rights Special economic zone , an area within a country in which the business and trade laws differ from elsewhere
Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year.