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Special Economic Zones is a set of geographic areas inside Nepal that have been allocated to promote and diversify the export based industries. It was conceptualized by Nepal Government in 2013 and laws were formulated in 2016 in the form of Special Economic Zone Act (2016). The laws were subsequently revised in 2019. [1]
Nagarik App (translation: Citizen App) is a mobile application launched by the Government of Nepal to provide government-related services in a single online platform. [3] The app was developed to facilitate an easier, systematic, and simplified delivery of government services to Nepali citizens digitally.
SEZ is considered to be a place outside India for all tax purpose. Within SEZs, a unit may be set-up for the manufacture of goods and other activities including processing, assembling, trading, repairing, reconditioning, making of gold/silver, platinum jewellery etc. As per law, SEZ units are deemed to be outside the customs territory of India.
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 Industry Ministry has paid Rs200 million to the Ministry of Forest for the land. If the SEZ is brought into operation, more than 50 large factories can be operated there. It can also provide warehousing facilities for goods imported from China. [12] The Nepal government has a plan to add oil depots in Panchkhal. [13] Fertile Panchkhal Valley
Federal prosecutors announced Tuesday that a New York tax preparer known as 'the Magician" pled guilty to filing thousands of false tax returns.
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A shipwreck dating back to the 5th and 6th centuries B.C. was discovered earlier this year off the coast of Sicily, Italian officials said.