Key Points
The government could junk the proposed Development of Enterprise and Service Hubs (DESH) bill as it evaluates the need for a new legislation to overhaul the country's special economic zones (SEZ)...
Officials said discussions are on to amend the extant SEZ Act instead of putting in place a new legislation, and a decision on the issue is likely before the winter session of Parliament...
The commerce and industry ministry is keen to allow units in these zones to sell in areas outside SEZs, called domestic tariff area (DTA) without the payment of customs duties.. . 'Modalities being discussed'..
Partial de-notification of zones, sales to DTA, concessional corporate tax for them and removal of net foreign exchange earning requirement have been some of the sticky issues between the two ministries...
The finance minister had, during the Budget speech on February 1, 2022, announced that the SEZ Act will be replaced with a new legislation that will enable the states to become partners in DESH...
