HIGH COURT OF GUJARAT AT AHMEDABAD M/s Britannia Industries Ltd. v. Union of India C/SCA/15473 of 2019 | 11.03.2020 Facts The Petitioner, having a unit situated in Special Economic Zone (for short “SEZ”), filed an application for refund in Form GST RFD-01A with regard to the credit of Integrated Goods and Services Tax (for short...
INTRODUCTION TO SEZs A Special Economic Zone (SEZ) refers to a limited geographical region set up by the government to incentivize fresh foreign direct investment (FDI) and enjoys relaxed economic laws. In the year 2000, the government had set a target of creating 100 million jobs and of achieving 25% of the country’s GDP from...
PRELUDE On account of the Pandemic outburst of COVID-19, the Central Government declared a complete lockdown from 25th March, 2020 onwards in various phases. In subsequent lockdown, the Ministry of Home Affairs vide Guidelines dated 15th April, 2020, issued relaxations for Special Economic Zones (“SEZs”) wherein the Government from 20th April, 2020 allowed operations of...
CBEC has issued a circular no. F.No.B1/6/2013-TRU dtd 25.11.2014 after verification of an issue related to SEZ as below : Issue -SEZ unit or developer has to approach two authorities (the SEZ authority and with the Jurisdictional Service Tax authority) for upfront exemption under notification No. 12/2013 dated 01.07.2013 as amended.” The CBEC circular concluded that ...
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