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Advantages of a SEZ unit. Government benefits in India for a SEZ Unit.

Incentives and facilities offered to the SEZs. What are the Benefits under STP scheme? What are the Advantage under STP scheme to an Exporter.

I have been receiving many enquiries seeking information about various government benefits under SEZ Unit. Let me write below a common reply on various questions asked by readers of this website about the benefits covered under Special Economic Zone. I hope, these details helps to enlighten about the government benefits offered to SEZ – Special Economic Zones.
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

100% 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.
Location: Thiruvananthapuram, Kerala, India

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