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Govt announces relief to SEZ with regard to land requirement

Govt announces relief to SEZ with regard to land requirement

The Union government on April 19 announced relief for special economic zones (SEZs) by tweaking the minimum-land-area requirement and allowing change in ownership. In its last supplement to the Foreign Trade Policy (FTP), 2009-14, the Commerce Department, however, did not meet the much-awaited demand for doing away with the minimum alternate tax (MAT) on SEZs.