SIGN IN SUBSCRIBE

News Update

Farmers squat on railway tracks; 54 Amritsar-route trains cancelled4 killed & 19 hurt as truck bangs into tractor-trolleyMusk defers India’s trip citing heavy Tesla obligationsIndia needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITATTorrential rains cause havoc in Pakistan; 87 killedI-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITATUS imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to PakistanDubai terribly water-logged as it has no storm drainsST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTATEU online content rules tightened against adult content firmsCus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTATEV market cools off in US; Ford, GM eyeing gas-powered trucksApple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HCNexus between Election Manifesto and Budget 2024 in July!
 
Facilitating Ease of Doing Business - Govt takes Initiatives under implementation for SEZs

By TIOL News Service

NEW DELHI, NOV 29, 2014: THE government is committed to facilitate ease of doing business. Following initiatives have been taken by the Government for Special Economic Zones (SEZs) which are presently under implementation:

1. Service Delivery - Activities related to Developers and Units in SEZs were identified and timelines for completion of the said activities were prescribed and implemented. It was launched on 14.08.2014 in all Zones. This is being monitored by Development Commissioners regularly.

2. Digitization and online processing of various activities relating to SEZ Developers and Units has been introduced in all Zones from 01.11.2014. The option of either filing applications online or in hardcopy is available to Developers/Units till 31.12.2014. Thereafter, from 01.01.2015, only online applications for all activities (except for setting up of new SEZs) will be entertained from Developers and Units.

3. Standardisation of procedures, practices and forms in all SEZs has been implemented from 28.10.2014. Procedures for regulating certain activities which were not indicated in SEZ Act and Rules have been standardised, e.g. :-

• Utilization of goods by the Developer / Co-Developer,

• Approval of material for authorised operations by Developer / Co-Developer

 • Information required for renewal of LoA for 5 years

• Format for lease deed and its renewal, and

• Format for Annual Performance Report of the Units has been revised and simplified.

4. The mechanism for redressal of grievances of SEZ Developers / Units and its monitoring has been revisited and implemented in all the Zones.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360





Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST