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The Major entitlements available to units in Special Economic Zones (SEZs) include duty-free import/domestic procurement of goods, exemption from Central Sales Tax on supplies form Domestic Tariff Area and 100% income tax exemption for first 5 years, 50% for the next two years and not exceeding 50% of ploughed back profits for next three years.
These units are not granted any financial aid.
This was stated by Shri Kamal Nath, Union Minister of Commerce & Industry, in a written reply in the Rajya Sabha today.
SB/MRS
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