New SEZ Act will be WTO-compliant, will have high-class infra: Comm secy

The existing SEZ Act was enacted in 2006 with an aim to create export hubs and boost manufacturing in the country. However, these zones started losing their sheen after the imposition of a minimum alternate tax and the introduction of a sunset clause for the removal of tax incentives.

from News-Economic Times https://ift.tt/tAFJzxS7H