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    Many today question the need for the Special Economic Zones (SEZs) in the country; their point – whole of India should be treated as SEZs and this dividing factor be done away with.

    Units in SEZs enjoy a tax holiday in their first five years and 50 percent exemption in the next five. All imports into SEZs are duty-free. If one is more critical, he can question as to why create a special class of units which divides producers and consumers? India today has a growing

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    its in SEZs enjoy a tax holiday in their first five years and 50 percent exemption in the next five. All imports into SEZs are duty-free. If one is more critical, he can question as to why create a special class of units which divides producers and consumers? India today has a growing
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    five. All imports into SEZs are duty-free. If one is more critical, he can question as to why create a special class of units which divides producers and consumers? India today has a growing
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    reate a special class of units which divides producers and consumers? India today has a growing domestic market that deserves equal policy emphasis.

    However, continuing with the sops bestowed upon the SEZs, the government 'in a bid to step up investment flows into these zones and to make India a manufacturing hub,' announced the long-awaited SEZ Act, 2005 and SEZ rules, 2006. The new SEZ rules, among other things, provide for drastic simplification of procedures and

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