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Jul 22, 2014
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Govt may ask SEZs to export 51% of output
The government is considering a proposal to make it mandatory for special economic zones (SEZs) to export at least 51% of goods and services they produce. Currently, these zones, hit by the imposition of minimum alternate tax (MAT) and dividend distribution tax (DDT) in 2012 Budget, need only to be postitive net foreign exchange (NFE) earners over a period of five years from the start of operations.
Source -
http://www.financialexpress.com
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