Tuesday, April 05, 2011

Rationale for export sops

Rationale for export sops


Why are exports spared the tax-burden? Manisha Pant, Nainital Currently not all exports are tax-free. Exports from Special Economic Zones (SEZ) alone are income tax-free for 15 years, with full exemption in the first five and 50 per cent in the remaining ten years. Of course, all indirect taxes are either reimbursed on exports or waived.


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