A Specifically delineated duty free enclave and shall be deemed to be foreign territory for the purpose of trade operaions and duties and tariffs.
MARG Swarnabhoomi has been conceived and designed as city that creates “Integrated City Environment with a unique ecosystem which comprises of six key constituents – Education, Research, Innovation, Industry, Living and Entertainment.
SEZ Township Project integrates work spaces (offices/industries), education (pre-primary to professional), social and commercial infrastructure (hospitals, retail, entertainment and hospitality).
Industrial Development being one of the key components for the integrated city project, the concept of Special Economic Zones (SEZ) will attract more industries with the bundle of benefits & tax advantages that they offer. Swarnabhoomi has visualized the growth of industries through SEZ concept and thus undertaken the activity of two special economic zones.
612 acres of Special Economic zone (SEZ)
- 311 acres of Light Engineering Services (LES)
- 301 acres of Multi-Services (MS)
- Corporate/Income Tax benefits for 15 Years U/s 10AA
- No Sunset Clause
- Duty free Enclave for ever as an SEZ Unit
- 100% FDI through automatic route
- 100% Capital account convertibility
- Borrowings at International rates with the facility of OBUs( Offshore Banking Units)
- Single window Operation for most Clearances
- Liberalised labour law
- 365 days 24X7 operations allowed
- Sub-contracting allowed/ Movement of goods for Job work allowed
- Local sale allowed with payment of full Duty
- No Minimum export obligations ( +ve NFE to be achieved in 5 yrs)
- No Value addition norms.
- Freedom from Industrial Licensing