Govt. may tweak rules to allow SEZs to sell in domestic market at FTA duties

摘要

The Finance and Commerce Ministries are reportedly discussing a certification mechanism to allow SEZ units sell part of their output in the domestic market at concessional import duties offered to free trade agreement (FTA) partner countries without causing disruption in the local market. "The mechanism would specify conditions including rules of origin to establish and certify that an item is actually produced in a SEZ unit and not imported from another country before it is allowed to be sold in the local market at concessional import duties, if such a regime is approved by the Centre," an unnamed Commerce Ministry official was quoted as saying in a report by Hindu BusinessLine newspaper.