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PRAKASH K PRAKASH

J

PRAKASH K PRAKASH

Sez Related Services

Delhi



A Quality Product from
PRAKASH K PRAKASH [View Profile]
Delhi - India

Description :
SEZ If you seeking to avail the benefits of setting up business in SEZ, But are not aware of the legalities or the procedures involved, Then you need to contact the experts i.e. PRAKASH K. PRAKASH. We are reckoned among the reputed SEZ Registration Consultants in India. Our excellent SEZ Services can be availed by all kinds of companies. To ensure a speedy and hassle free Special Economic Zone Registration, We are your best bet. If you are on the verge of establishing a new business, then why not settle for SEZ? The following points will provide you an insight into the benefits of SEZs and all other relevant information regarding them. To know specifically about how all this applies to your business, feel free to contact our team anytime.

In order to give a long term and stable policy framework with minimum regulatory regime and to provide expeditious and single window clearance mechanism, the Special Economic Zones Act, 2005 has been brought into effect along with the Special Economic Zones Rules, 2006 from 10 February 2006.

The Act and the Rules together aim to provide a single self contained legislation governing the operations of SEZs and replaces the hitherto applicable legislations and rules governing the operations of SEZ in India.



Under the Act, SEZ could be set up either jointly or severally by the Central Government, State Government, or any person (including a private or public limited company, Partnership or proprietorship) for the following purposes:

Manufacture of goods or
Rendering services or
Both manufacturing of goods and for rendering services or
As a Free Trade and Warehousing Zone.



The SEZ Act 2005 envisages key role for the State Governments in Export Promotion and creation of related infrastructure. A Single Window SEZ approval mechanism has been provided through a 19 member interministerial SEZ Board of Approval (BoA). The applications duly recommended by the respective State Governments/UT Administration are considered by this BoA periodically. All decisions of the Board of approvals are with consensus.

The SEZ Rules provide for different minimum land requirement for different class of SEZs. Every SEZ is divided into a processing area where alone the SEZ units would come up and the non-processing area where the supporting infrastructure is to be created.



The SEZ Rules provide for :

Simplified procedures for development, operation, and maintenance of the Special Economic Zones and for setting up units and conducting business in SEZs
Single window clearance for setting up of an SEZ
Single window clearance for setting up a unit in a Special Economic Zone
Single Window clearance on matters relating to Central as well as State Governments
Simplified compliance procedures and documentation with an emphasis on self certification


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PRAKASH K PRAKASH

We provided services in accounting, auditing, Legal advisary, Consultancy. Our Services: - Accounting Services - Auditing and Assurance Services - Business Process Outsourcing - Taxation Services - Fema & Rbi Related Services - Back Office Services - Company Law - Legal Advisory Services



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