“Ministry of commerce has been pursuing this issue with the finance ministry as its draft DTC is silent if existing tax benefits and income tax exemptions would continue for SEZ units and their developers after it becomes operative from 2011 onwards,” the Director General, Export Promotion Council for Export Oriented Units (EOUs) and SEZs, L B Singhal said.
“Positive indications have come that the finance ministry is likely to issue a notification in this regard in next few weeks, enunciating that SEZ units and their developers would be entitled to avail tax benefits as guaranteed under 2005 SEZs Act after the government adopts its new DTC,” he said.
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