An SEZ is a specially delineated duty-free enclave that supports and provides special benefits to export oriented businesses. The SEZ at Sri City is spread over 2,500 acres, and has the added advantages of world-class support infrastructure, onsite customs clearance, state-of-the-art warehousing facilities, and a choice of nearby ports with worldwide connections.
The benefits of SEZs at a glance:
- 15-year graded Income Tax Holiday
- Self-Certification
- Exemption from Central Sales Tax
- Exemption from Service Tax
- Single Window Clearance
- Warehouses/ICD
- Offshore banking units
- On-site customs clearance
- Exemption from Excise and Customs Duties
- Domestic sales allowed on payment of applicable duties
- No minimum export performance requirement, except that FOREX earnings should be greater than FOREX outflow, cumulatively over a 5 year period
