A new Special Economic Zone (SEZ) Scheme has been introduced in the Export & Import Policy with a view to provide an internationally competitive and hassle-free environment f or export production. 

A designated duty free enclave to be treated as a foreign territory for trade operations and duties and tariffs.

No license required for import.

Exemption from Customs duty on import of capital goods, raw materials, consumables, spares, etc. 

Exemption from Central Excise duty on procurement of capital goods, raw materials, consumable spares, etc. from the domestic market.

Supplies from DT A to SEZ units treated as exports.

Reimbursement of Central Sales Tax paid on domestic

Purchases reimbursement of duty paid on furnace oil, procured from domestic oil companies to SEZ units as per the rates of Drawback notified by the Directorate general of Foreign Trade.

SEZ units may be for manufacturing, trading or service activity.

SEZ unit to be positive net foreign exchange earner with in three years.

Performance of the units to be monitored by a Committee headed by Development Commissioner and consisting of Customs.

100% Foreign Direct Investment in manufacturing sector allowed through automatic route except few sectors.

Profits allowed to be repatriated freely without any dividend balancing requirement.

Domestic sales on full duty subject to import policy in force.

No fixed wastage norms.

Full freedom for subcontracting.

Sub contracting facility available to jewellery units.

Duty free goods to be utilized in 5years.

Job work on behalf of domestic exporters for direct expose allowed.

No routine examination by Customs of exports and import cargo.

No separate documentation required for customs and Exam Policy.

ln house customs clearance.