rashmi
asked almost 4 years ago
what is special economic zone.
veeru
answered over 3 years ago
Special Economic Zone (SEZ) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. In order words, SEZ is a geographical region that has economic laws different from a country's typical economic laws. Usually the goal is to increase foreign investments.
narahari
answered over 3 years ago
Special Economic Zone means an area that has been specified as an enclave that is duty free and is treated as a foreign territory for various purposes such as tariffs, trade operations, and duties. Special Economic Zone (SEZ) is defined as "a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs".
rohit awasthi
answered almost 4 years ago
Dear Rashmi
> Special Economic Zone
Special Economic Zone means an area that has been specified as an enclave that is duty free and is treated as a foreign territory for various purposes such as tariffs, trade operations, and duties.
Special Economic Zone (SEZ) is defined as "a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs".
A Special Economic Zone (SEZ) has economic laws that are more liberal than a country's typical economic laws.
Special Economic Zones are the Specially designed , designated & Notified Duty-free, Tax-free , Hassle-Free Enclaves Offering world class Industrial Infrastructures for Development of International Business. Special Economic Zones are the Deemed Foreign Territories for the Purpose of Duties and Taxes. Special Economic Zone Scheme in India had been introduced in 2001.
The category 'SEZ' covers a broad range of specific zone-
SEZ includes Free Trade Zones (FTZ), Export Processing Zones (EPZ), Free Zones (FZ), Industrial Estates (IE), Free Ports, Urban Enterprise Zones and others.
lochan
answered almost 4 years ago
**SPECIAL ECONOMIC ZONE** Special Economic Zone (SEZ) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. In order words, SEZ is a geographical region that has economic laws different from a country's typical economic laws. Usually the goal is to increase foreign investments. SEZs have been established in several countries, including China, India, Jordan, Poland, Kazakhstan, Philippines and Russia. North Korea has also attempted this to a degree. Thanks
