QuEST Global SEZ investors enjoy benefits in accordance with the SEZ Policy Benefits drafted by the Govt. of India. Investors in this unique Precision Engineering and Manufacturing SEZ, catering to the Aerospace sector enjoys both fiscal and non-fiscal benefits like:
Income Tax benefits for units at the SEZ
100% SEZ tax exemption - in a block of 10 years out of 15 years
Indirect Tax benefits for units at the SEZ
Engineering and Manufacturing firms operating in this SEZ enjoy exemption from VAT/CST, Excise Duty, Customs Duty and Service Tax on domestic procurements and imports
Investments in SEZ also enjoy the following Income Tax Benefits
100% Exemption – for first five years
50% Exemption – for next five years
50% Exemption – for next five years
(On profits ploughed back)
Basic Incentives for units in this SEZ
A system of single window clearances
Single notified agency for inspection etc.
A unique, hassle-free environment
Subcontracting permissible
Movement of goods into or from the zone by the units / developers based on self declaration, no routine examination
Re-export of imported goods found defective, goods imported from foreign suppliers on loan basis without Guaranteed Receipt waiver under intimation to the Development Commissioner
Duty-free import of capital goods, raw materials, consumables and spares
Duty-free procurement of capital goods, raw materials and consumable spares from the domestic market
Exemption from the payment of Central Sales Tax on interstate purchases from the domestic market
Exemption from Service Rax for services provided to a unit at the zone
Manufacturing or service activity allowed. Special Economic Zone units permitted to sell products in the domestic tariff area (DTA) on payment of full Customs Duty, subject to the import policy in force
Facility to retain 100 percent of the foreign exchange receipts in the export earners foreign currency account