The Government has cancelled approvals of nine special economic zones (SEZs). This decision was taken by the Board of Approvals (BoA) for SEZ, at its meeting on 18 September. With this cancellation, the nine SEZs will have to refund any tax or duty benefit, if received. According to the BoA, the progress made by the developers and co-developers of SEZs was not satisfactory. The BoA is an inter-ministerial body chaired by the Commerce Secretary. The states are also represented in it.
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Home » Govt cancels 9 SEZ projects
Govt cancels 9 SEZ projects
ECONOMY & POLICY
October 1, 2014October 1, 2014
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