The main objectives of the SEZ Act are:
The major incentives and facilities available to SEZ developers include:-
O
Generation of additional economic activity
O
Promotion of exports of goods and services
O
Promotion of investment from domestic and foreign sources
O
Creation of employment opportunities
O
Development of infrastructure facilities
O
Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units
O
100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years
O
Exemption from Central Sales Tax.
O
Exemption from Service Tax.
O
Single window clearance for Central and State level approvals.
O
Exemption from State sales tax and other levies as extended by the respective State Governments.
Incentives and facilities offered to the SEZs
O
Exemption from customs/excise duties for development of SEZs for authorized operations approved by the BOA.
O
Income Tax exemption on income derived from the business of development of the SEZ in a block of 10 years in 15 years under Section 80-IAB of the Income Tax Act.
O
Exemption from dividend distribution tax under Section 115O of the Income Tax Act.
O
Exemption from Central Sales Tax.
O
Exemption from Service Tax (Section 7, 26 and Second Schedule of the SEZ Act).
About Zonal Development Commissioner - MEPZ SEZ

OBJECTIVES OF SEZ
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Major SEZs
Mahindra World City SEZ, Chengalpattu, Chennai.
SIPCOT Hi-Tech Electronic Hardware SEZ.
DLF Infocity SEZ Developers SEZ, Chennai.
L & T Ship building Limited SEZ, Chennai.
SIPCOT Growth Centre SEZ, Oragadom.
ELCOT SEZ, Sholinganallur.
TRIL Info Park Limited SEZ,
Chennai.
Tata Consultancy Services Limited SEZ, Chennai.
Coimbatore Hi-Tech Infrastructure Limited SEZ, Coimbatore.
ELCOT SEZ, Vilankurichi, Coimbatore.
ELCOT SEZ, Ilandhaikulm, Madurai.
AMRL International Tech City Limited SEZ, Nanguneri.
Pearl City Food Port SEZ
( CCCL ), Tuticorin.