Special Economic Zone (SEZ) Act

The SEZ (Special Economic Zone) policy came in India in the early 2000 (1st April to be precise). The main objective was to enhance foreign investment and also to provide an internationally competitive and hassle-free format for exports. The aim here was to promote exports from India since it was realized & accepted that there was a growing need for resources & accessibility to be made available for the domestic enterprises & manufacturers to be globally competitive.  SEZ’s are located within a country's national borders, and they ease the following:-

Financial schemes and beneficial policies are introduced for encouraging businesses to participate in the SEZ zones. The policies typically consider investing, taxation, trading, quotas, customs and labor regulations. Additionally, there are other benefits like example tax holidays, whereby a company that has established in a SEZ maybe granted a period of lower taxation.

An important factor today for organisations is the Shops and Establishments Act, enacted by every state in India to regulate conditions of work and to provide for statutory obligations of the employers and rights of the employees in un-organized sector of employment and other establishments in their jurisdiction. Few of the regulations under this act are :

Softex Consultancy provides services in the registration of SEZ (special economic zones) and also shops and establishment Registration. Please visit their website www.stpiconsultancy.com to know more details about Shops and establishment registration and special economic zone.