THE MINISTER OF COMMERCE AND INDUSTRY
(SHRI PIYUSH GOYAL)
(a) to (c): In terms of Rule 6(2)(a) of the Special Economic Zones Rules, 2006, the letter of approval granted to a SEZ developer is valid for a period of three years within which time effective steps are to be taken by the developer to implement the approved proposal. The Board of Approval (BoA) under Department of Commerce may, on an application by the developer and on recommendation of Jurisdictional Development Commissioner, extend the validity period of the letter of approval. BoA has granted extension of validity period to 154 developers of SEZ across the country including 16 developers in Telangana to complete their projects till now. Developers have sought extension of validity period of the letter of approval granted to them for the execution of their projects for various reasons including adverse business climate due to global recession, delay in approvals from statutory bodies, delay in environmental clearance, etc.
(d): The details of the SEZs which have got extension in the State of Telangana are at Annexure.
(e): The tax exemptions and other incentives allowed to SEZs are in built into the SEZs Act, 2005. Main fiscal concessions and duty benefits allowed to SEZ developers and units are as follows:
i. Exemption from Central Sales Tax, Exemption from Service Tax and Exemption from State sales tax. These have now subsumed into GST and supplies to SEZs are zero rated under IGST Act, 2017.
ii. Exemption from Income Tax for 15 years as per Income Tax Act
iii. Duty free import/domestic procurement of goods
iv. Exemption from State sales tax and other levies as extended by the respective State Governments.
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Annexure to the Lok Sabha Unstarred Question No. 516 for 5th February, 2020
Sl. No. Name of the Developer Location Type of SEZ
1. M/s. J.T. Holdings Private Limited Maheshwaram Mandal, District Ranga Reddy, Telangana IT/ITES
2. M/s. Ananth Technologies Limited Raviryala Village, Maheswaram Mandal, Ranga Reddy District, Telangana. IT/ITES
3. M/s. GMR Hyderabad International Airport Limited GMR Hyderabad International Airport, Shamshabad, Hyderabad, Telangana Multi Services with International Financial Services Centre
4. M/s. Telangana State Industrial Infrastructure Corporation Ltd. Madikonda Village, Hanamkonda Mandal, Warangal District, Telangana IT/ITES
5. M/s. Stargaze Properties Private Limited KanchaImarat, Raviryala Village, Maheswaram Mandal, Ranga Reddy District, Telangana IT/ITES
6. M/s. Parsvnath Infra Limited Karakapatla Village, Mulugu Mandal, Medak District, Telangana Biotechnology
7. M/s. Cognizant Technology Solutions India Private Limited Adibatla Village, Ibrahimpatnam Mandal, Ranga Reddy District, Telangana IT/ITES
8. M/s. Tata Consultancy Services Limited Adibatla Village, Ibrahimpatnam Mandal, Ranga Reddy District, Telangana IT/ITES
9. M/s. Telangana State Industrial Infrastructure Corporation Ltd. Karakapatla village, Mulugu Mandal, Medak District, Telangana Biotechnology
10. M/s. Hyderabad Metropolitan Development Authority Kokapet village, Serilingampally Mandal, Ranga Reddy District, Telangana IT/ITES
11. M/s. Shantha Biotechnics Limited Muppireddypalli village, Toopran Mandal, Medak District, Telangana Biotechnology and related activities
12. M/s. Radiant Corporation Private Limited Muppireddypally village, Toopran Mandal, Medak District, Telangana Electronic Hardware and Software and related activities
13. M/s. GAR Corporation Private Limited Kokapet Village, Gandipet Mandal, Ranga Reddy District, Telangana IT/ITES
14. M/s. Divija Commercial Properties Private Limited Raidurg Village, Serilingampally Mandal, Ranga Reddy District, Telangana IT/ITES
15. M/s. Vaxenic Private Limited Kolthur Village, Shameerpet Mandal, Ranga Reddy District, Telangana Biotechnology & Bio-Pharmaceuticals
16. M/s. GAR Corporation Private Limited Kokapet Village, Gandipet Mandal, Ranga Reddy District, Telangana IT/ITES
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