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No increase in lease rent for SEZ units in FY21 due to coronavirus: Centre

And payment of lease rent of the first quarter is to be deferred up to July 31, 2020, for all SEZ units

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"The deferment may not invite any interest thereof," the Ministry of Commerce and Industry communication said. Representative Image

BS Web Team Agencies

1 min read Last Updated : May 12 2020 | 8:53 AM IST

The Centre on Monday gave interim relief to Special Economic Zone (SEZ) units from any increase in lease rent on account of Covid-19 outbreak.

As per an official communication from the Ministry of Commerce and Industry, the relief measure was instituted in consultation with the Department of Expenditure on account of the Covid-19 outbreak.

Consequently, there will not be any increase in the lease rent for the SEZ units for the FY 2020-21 and payment of lease rent of the first quarter is to be deferred up to July 31, 2020, for all SEZ units.

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Topics : Coronavirus SEZs Special Economic Zones

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