Monday, November 15, 2010

CAPITAL-GOODS TRANSFER TO SEZ LIMIT CLARIFIED

The Government clarified the policy concerning the transfer of used capital goods into special
economic zones (SEZ) from outside of the enclaves, stating that a company can shift the equipment to set up units into the SEZs. However, the value of such second-hand goods should not exceed (20 per cent) to avail of the tax benefits.

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