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RUPEE PAYMENTS SEZ
Draft note favours rupee payments for SEZ services provided domesticallyThe current provision under Section 2(z) of the Act mandates that proceeds from SEZ-to-DTA supplies of services must be realised in foreign...- Government plans to ease forex rule for SEZ services exports to domestic tariff areasThe current provision under Section 2(z) of the SEZ Act, 2005 mandates that proceeds for SEZ to DTA supplies of services must be realised i...
- SEZ job work, export schemes among issues discussed at stakeholder meetThe focus of discussions included synchronizing export mechanisms, facilitating rupee payments for services delivered to the Domestic Tarif...
- Industry seeks payment in rupee for domestic supplies at maiden SEZ reforms stakeholder consultationSEZ developers are urging the government to allow domestic sales in Indian Rupees, citing subdued global demand. They also proposed job wor...
- Govt panel to meet industry on June 30 to review SEZ reformsA government panel is set to meet industry leaders on June 30 to explore ways to boost India's Special Economic Zones (SEZs). Discussions w...
- FTA impact, import substitution, rupee payments at SEZ reforms panel meet June 30A government committee reviewing India’s Special Economic Zone (SEZ) policy will hold a stakeholder meeting on June 30 to examine how free ...
- Govt plans SEZ law revamp to boost exports, ease domestic tariff area salesThe commerce ministry plans to revise the Special Economic Zone (SEZ) regulations. This is to revitalize these zones and increase exports. ...
- Domestic market access for SEZs, SOP for trade pacts likely in 100-day planThe commerce department is developing a 100-day action plan focusing on various key areas. This includes allowing Special Economic Zones (S...
- Budget 2022: SEZ Act getting ready for a makeoverThe commerce and industry ministry had pushed for a new Act for SEZs to make them engines of growth as well as compliant with the global tr...
- Govt may change SEZ rules in Budget to ease compliance burdenThe government could also allow entities that don't wish to avail benefits to be treated on a par with others located outside the SEZ, said...
- Govt should utilise IFSC platform to support export industry: OfficialsTo support the export industry amid a difficult economic scenario, the government has been requested to utilise IFSC platform at the GIFT C...
- Government to allow SEZ services' units to accept payments in rupee from DTA playersAt present, domestic firms are required to pay in foreign exchange for services rendered by a SEZ unit. However, this norm is not applicabl...
- Talks on to extend SEZ sunset clauseCommerce and revenue departments have initiated discussions on extending the sunset clause for the scheme that ends March 31, 2020.
- Panel suggests delinking special economic zones from exportsThe panel wants SEZs to be converted into employment and economic enclaves (3Es) with efficient transport infrastructure, uninterrupted wat...
- Commerce Minister Nirmala Seetharaman bats for a weak rupeeExports have fallen for the thirteenth straight month until December. “As a trade minister I would prefer a weak rupee ” union commerce min...
- Government to debate special laws for SEZsThe department is scheduled to kick off discussions on a special dispensation for SEZs later this week and has flagged the issue to develop...
- RBI hikes cap for online repatriation of export proceedsWith an aim to arrest rupee slide by boosting forex inflows, RBI today raised the limit for online repatriation of export proceeds by over ...
- Cipla: Indore SEZ, rising rupee strain nosCipla'S third-quarter results were below analysts' expectations.
- Nath pitches for tax sops to EOUs beyond 2010The 100% export-oriented units (EOUs) could continue to get tax sops beyond March 2010.
- Banks can now go international without overseas branchesThe time has arrived for banks to go international in their financial dealings, without the need to set up foreign branches. The Reserve Ba...
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