Lift MAT, DDT on SEZs to boost exports: Ministry of Commerce

The Commerce Ministry on Wednesday called for removal of minimum alternate tax and dividend distribution tax on SEZs to revive them and boost exports. 

Giving a presentation at the Board of Trade meeting, Joint Secretary in the Commerce Ministry Guruprasad Mohapatra said that policy interventions are still required to promote investments and boost exports from these special economic zones (SEZ).

 He also called for optimum utilisation of capacity by permitting SEZ units to perform job work for domestic tariff area units and allowing SEZ units to sell products in the domestic markets at free trade agreement duty rates.