SEZs exempted from VAT

Pending Presidential assent for the legislation passed by the Assembly relating to SEZs, the State Government has granted exemptions to them from two major payments—VAT (sales tax) and registration fee and stamp duty payable at the time of registering lands.

Apart from these, the SEZs will also get similar exemptions from customs duty, excise payable to the Union Government.

Source : The Hindu, India, dated 09/10/2007