Special Economic Zones

SEZ stands for Special Economic Zone, which is a geographical region within India that is specifically designed to promote economic growth and development. SEZs were first introduced in India in 2005 with the aim of increasing foreign investment, generating employment opportunities, and boosting exports.

These zones are treated as separate territories for trade and customs purposes, with their own regulations and policies. They offer a range of benefits to businesses, including tax incentives, exemption from customs duties and excise duties, streamlined procedures for setting up and operating businesses, and access to high-quality infrastructure and amenities.

To ensure compliance with the legal and regulatory framework of SEZs, businesses need to follow a set of compliances and regulations. This can be a complex and time-consuming process, especially for businesses new to the SEZ environment. Therefore, legal and regulatory experts can help businesses navigate the SEZ landscape, ensuring compliance and maximizing the benefits offered by SEZs.

AEO consultant