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Special economic zones (SEZs) in India were first introduced by the Government of India in 2005 and later amended and expanded. The SEZ Act, which governs them, was enacted on 18 April 2012. There are currently 148 SEZs across India. The main objective of the SEZs is to uplift the economic conditions of the country by leveraging specific zones within their state to implement policies that are not limited to any particular sector.The study aims to explore different management and working aspects of special economic zones in India.To provide a comprehensive study on management and working aspects of special economic zones in India, the researchers explored different information from a different reliable secondary source and compiled all information related to special economic zone and its challenges in India. The study concludes that SEZ provides an opportunity for foreign investors to start business without having to worry about excise, sales tax or custom duties over imports of machinery and capital goods used in the production sector. Exports from these zones are also zero rated. Industrial units can also claim exemption from customs duty on import of raw materials and intermediate goods based on actual usage.
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