Move to benefit RIL, ONGC and Oil India
I suggest you claim refund of CVD, SAD and cess paid towards regularisation of the default under advance authorisation
Here are the top BS Opinion articles of the day
Industrial hubs won't alter SEZ weaknesses
Duty credit allowed under the RoDTEP scheme is subject to realisation of sale proceeds within the period allowed by the RBI
The committee is likely to submit its report to the department of commerce by mid-June
India needs to get the basics right
India's overall exports rose nearly 36% YoY, while those from SEZs posted 31% growth in this period
The government will rewrite a new law to replace the existing SEZ Act as it seeks to enhance exports, FM Sitharaman said on Tuesday.
To enable the ease of doing business in SEZ units, the government will also undertake reforms in customs administration of SEZs and make it fully IT driven.
The government on Tuesday proposed to replace the existing law governing SEZs with a new legislation to enable states to become partners in 'Development of Enterprise and Service Hubs'
The new procedures envisage no role for SEZ developers. That may not be acceptable to many developers
Fair trade regulator CCI on Monday approved acquisition of over 10% stake in Gangavaram Port Ltd by Adani Ports and Special Economic Zone Ltd
The deal is likely to be concluded at 'fair value' after ONGC's attempt to buy out the shadow lender's stake in JV at deep discount failed
With this incentive, manufacturers in SEZs that have spare capacity will be able to boost production
Led by drugs and pharmaceuticals, India's exports from special economic Zones (SEZs) rose by 41.5 per cent on a year-on-year (YoY) basis to Rs 2.15 lakh crore in Q1FY22
Exports from SEZs grew by about 41.5% to Rs 2.15 trillion during the April-June quarter of the current fiscal on account of healthy growth in pharma, engineering, and gems and jewellery sectors
Major SEZs include Visakhapatnam, SEEPZ Mumbai, Surat, MEPZ Chennai, Cochin, Kandla, Noida, Mangalore and Dahez SEZ
India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do
The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal