The incentives and facilities offered to the units in SEZs for attracting investments into the SEZs ...........

Economic Affairs Foreign Trade - Trends and Policy

The incentives and facilities offered to the units in SEZs for attracting investments into the SEZs, including foreign investment include

Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units
Single window clearance for Central and State level approvals
100% Income Tax exemption on export income for SEZ units under certain conditions

Select the correct answer using the codes below.

1 only

2 and 3 only

1 and 2 only

1, 2 and 3

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Explanation:

This was the status before the implementation of GST: Cent per cent Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years. Exemption from minimum alternate tax under section 115JB of the Income Tax Act. External commercial borrowing by SEZ units up to US $ 500 million in a year without any maturity restriction through recognized banking channels.

Exemption from Central Sales Tax.
Exemption from Service Tax.
Single window clearance for Central and State level approvals.
Exemption from State sales tax and other levies as extended by the respective State Governments.