Page 61 - Quick Insights Book 2022

Chap. 14 – Special Economic Zones (SEZ)

• Assistance in claiming exemption/refund for GST. • Identification of innovative tax planning opportunities
• Assistance in obtaining exemption on stamp duty and • Single point contact and centralized coordination for tax
registration charges. payments, compilation of documents
• Assistance in Exit procedures for an SEZ Unit. • Filing of SEZ Monthly Reports and SEZ Performance
Reports
• Execution of BLUT & other necessary formalities.
• Filing of QPRs & APRs
Compliance Support
• Filing of Softex forms
• Filing of returns (half yearly and annual) with SEZ/GST
Authorities • Renewal of Units Regularization Contract
• Structuring of contracts/transactions to optimize indirect • Renewal of BLUT
tax incidence
Appeals and submissions
• Formulating indirect tax efficient business models
• Appearances and arguments before adjudication and
• Conducting GST impact assessment studies appellate authorities

• Undertaking comprehensive reviews of business • Briefing Senior Counsel on need basis
operations
• Representation before relevant Government authorities
• Advice on classification, valuation, applicability of
taxes on transactions and admissibility to tax benefits/
exemptions

Important Links
• Handbook on Foreign Trade Policy and Guide to Export & Import can be viewed at
http://nbaindia.org/uploaded/Biodiversityindia/Legal/6.%20Import%20and%20Export%20(Control)%20Act,%201947.pdf
• Directorate General of Foreign Trade https://dgft.gov.in/
• Export/ Import http://www.eximkey.com/
• Ministry of Commerce & Industry https://commerce.gov.in/
• Special Economic Zones in India http://www.sezindia.nic.in
• Free Trade Warehousing Private Limited (FTWPL) http://mmtclimited.com/pages/display/186-free-trade-warehousing-pvt.-ltd.
• Department of Biotechnology (DBT)) http://dbtindia.nic.in/
• Software Technology Park of India/Electronic Hardware Technology Park http://www.stpi.in/
• Agricultural and Processed Food Products Export Development Authority (APEDA) http://apeda.gov.in/apedawebsite/
• Agri-Export Zones http://www.apeda.gov.in/apedawebsite/trade_promotion/Agri_Export_Zone.htm
• Export Promotion Council http://commerce.gov.in/InnerContent.aspx?Id=6

48 Quick Insights on Professional Opportunities for Chartered Accountants