"Exporting units of SEZs should be incentivised on degree of value addition: TPCI"
4th July, 2021
Trading units in the uncommon financial zones (SEZs) ought to be boosted on the level of significant worth expansion it's anything but an item to help outbound shipments and draw in interests in these zones, TPCI said on Saturday. Exchange Promotion Council of India (TPCI) Founder Chairman Mohit Singla said that as of now, an exporter in a SEZ and an unfamiliar exporter are at standard with regards to offering merchandise to a homegrown duty region (DTA).
"Accordingly, an exporter inside the SEZ ought to be boosted on the level of significant worth expansion he brings to an item. He ought to be permitted to import crude material at zero obligation and benefit obligation discount proportionate to esteem expansion. This will keep him at a beneficial situation instead of bringing in completed items from another country," he said.He said this while talking at TPCI's online course on SEZs - the way to support India's fares.
ARM Reddy, Zonal Development Commissioner, Vishakhapatnam said that SEZs are doing admirably in India as fares are developing from these zones."In 2005-06, sends out were at Rs 0.23 lakh crore, and presently they remain at Rs 5.53 lakh crore in 2020-21 notwithstanding the pandemic," he said.
Fares from SEZs and fare situated units (EOUs) contributed around 30% to the nation's complete shipments.