Resource detail

This special economice zone (SEZ) policy was notified in order to foster the industrial and economic development and creating a conducive environment for the development of SEZ. The salient features of the policy are: (1) SEZ developers and units shall be exempt from all taxes, cess or levies of the Government of Uttar Pradesh; (2) SEZ developers and units would be exempt from taxes levied by local bodies; (3) SEZ developers, co-developers and units established will get total exemption from the stamp-duty and registration fee on first transaction. This amended policy also has also detailed the various exemptions related to electricity duty and taxes, rationalisation of labour laws, policy related to inspection, single points/window clearance system, rationalization of environmental procedures, and policy related to the developmental structure and other commitments of the state government.