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Print/export Download as PDF; ... the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year. [1] [2]
4 State Government/Private SEZs notified/approved prior to SEZ Act 2005. ... Print/export Download as PDF; Printable version; In other projects
Around 800 suggestions were received on the draft rules. [26] SEZ Act provides for customs duty on services cleared into DTAIt was hoped that the bill would instill confidence in investors and signal the Government's commitment to a stable SEZ policy regime. Thereby generating greater economic activity and employment through their establishment.
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 ...
The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India.
This is the list of special economic zones (SEZ) in the Philippines created and mandated by the Congress of the Philippines through legislative enactments both by the House of Representatives and Philippine Senate.
Although the enabling act came into effect in 1992, the pioneer Free Zone (the Calabar Free Trade Zone) was not fully completed until 1999, and commenced operation after official commissioning in November 2001. Since then, the Free Zones Scheme has been used as a vehicle for industrial and commercial development of the country.
The GIFT project has been developed as a special economic zone (SEZ) under the SEZ Act, 2005. It is spread over an area of 359 hectares (886 acres) and has been designed as a self-contained city with state-of-the-art infrastructure, including a dedicated power plant, water treatment plant, and an underground utility tunnel.