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Special Economic Zones

Special Economic Zones

          
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About the Book

Special Economic Zones are specially delineated duty-free enclaves deemed to be foreign territories for the purposes of trade operations, duties and tariffs. SEZs include development of roads, airports, ports, telecom, generation and distribution of power, construction of industrial/commercial/residential complexes, etc. Encouraged by the phenomenal success of SEZs of People’s Republic of China—which first used this model as a measure to attract foreign capital, technology and managerial expertise—the Indian Government announced in the EXIM Policy of March 2000, a scheme for setting up SEZs in the country. The Special Economic Zones Act, which was enacted subsequently in the year 2005, has been subject to much debate and discussion. From politicians to businessmen, from journalists to social activists—all have expressed different views thereon. While some have hailed it as a new mantra for export-oriented economic activity, others have criticized it for giving excessive tax and tariff concessions to SEZ developers. The government is keen to promote the establishment of these large, self-contained areas, supported by world-class infrastructure, oriented towards export promotion. The present book Special Economic Zones: Issues, Laws and Procedures, in two volumes, studies in detail the various aspects of policy relating to SEZs. Different problems relating to people’s apprehensions about these models of growth—displacement of a large number of landowners, environmental pollution likely to be caused by huge industrial units being set up in the SEZs, the inter-ministerial differences over the issue of unprecedented concessions, incentives and sops being given to the developers, etc.—have been discussed in the four analytical articles written by economic experts, making valuable suggestions. Besides articles by erudite experts, the book contains documents relating to SEZs in matters like foreign trade policy; income tax, central sales tax, customs duty; circulars and orders of related ministries, government departments and Reserve Bank of India; and laws and subsequent amendments concerning SEZ Policy of the government. The book includes the Land Acquisition Act, 1894; National Policy for Resettlement and Rehabilitation of Project Affected Families, 2003; National Rehabilitation Policy, 2006 and Resettlement & Rehabilitation Policy (NHPC), 2007. Also given in this book are documents containing the policy framework of states. Such wide coverage makes this book a unique treatise on Special Economic Zones. It will prove highly useful for MNCs, SEZ developers, policymakers, lawyers, businessmen and students. The general readers will also find it interesting and informative.

Table of Contents:
1. Special Economic Zones 2. The Role of Special Economic Zones in Regional and National Development — Ramakrishna Nallathiga 3. Special Economic Zones: Lessons from China — Bhaskar Goswami 4. Development through Displacement: A Study of Singur, West Bengal — Suhita Mazumdar 5. Special Economic Zones Scheme 6. Foreign Trade Policy (2004-09) Related to Special Economic Zones 7. The Special Economic Zones Act, 2005 8. Guidelines for SEZ Developers 9. Ministry of Finance, Notifications on Income Tax 10. Income Tax Rules/Sections Relating to Special Economic Zones 11. Central Sales Tax Amendment in Budget 2004-05 12. Customs Chapter X-A, and Customs Circular No. 33 Dated 12th May 2004 13. Ministry of Finance, Department of Revenue Notifications, 2004 14. Ministry of Finance, Department of Revenue, Notification No. 53/2003 Dated 22nd July 2003 15. Ministry of Commerce and Industry, Department of Commerce, Public Notice No. 17 (RE-03)/2002-07 Dated 16th July 2003 16. Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, Notification No. 9 (RE-2003)/2002-2007 Dated 30th September 2002 17. Ministry of Commerce and Industry, Department of Commerce, Notification P.2(1) 2002—EPZ Dated 23rd May 2002 18. Appendix 14-IB—Criteria to be Adopted for Automatic Approval of Units Under EOU/SEZ Scheme 19. Appendix 14-IC—Sector Specific Requirements for EOU/SEZ Units 20. Appendix-14-IG—Guidelines for Monitoring the Performance of EOU/SEZ/STP/EHTP Units 363 21. Appendix-14-IH—Guidelines for Sale of Goods in the Domestic Tariff Area (DTA) by EOU/EHTP/STP Units


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Product Details
  • ISBN-13: 9788126908844
  • Publisher: Atlantic
  • Publisher Imprint: Atlantic
  • Language: English
  • Volume: 1
  • ISBN-10: 812690884X
  • Publisher Date: 2008
  • Binding: Hardcover
  • No of Pages: 384

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