New Delhi, 2 April, (APAC Media) : The Department of Revenue has rolled out a one-time relief measure allowing businesses in SEZs to sell a portion of their output in the domestic market at concessional duty rates.
This move will be effective from April 1, 2026 to March 31, 2027.
This addresses underutilization of capacities in SEZ manufacturing units due to global uncertainties.
The concessional duty ranges roughly between 5 -12.5% and spans across chemicals, engineering goods, machinery, textiles, footwear, pharma, electronics and consumer items.
The move will help export-oriented units tide over the crisis emanating from global trade disruptions and geopolitical tensions.
The conflict has led to rising tariffs, disruptions in supply chain and reduced global demand.
The benefit will be available only ro businesses who began production on or before March 31, 2025.
These businesses must also add a minimum value of 20% on goods sold domestically.
Discussion about this post