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English Release 23-April 2014
Date Month Year
  • Election Commission
  • Overall Facts at A Glance of 6th Polling Day on 24th April, 2014
  • Facts at a Glance: Jammu & Kashmir (6th Poll Day)
  • Min of Civil Aviation
  • DGCA Allows Use of Cellphone During Flight
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointment
  • Min of Petroleum & Natural Gas
  • Production Performance of Oil & Natural Gas sector for the month of March, 2014
  • Global crude oil price of Indian Basket increased to US$ 107.08 per bbl on 22.4.2014
  • Ministry of Railways
  • Mobile and Desktop APP on Windows 8.0 for National Train Enquiry System (NTES) Commenced

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Ministry of Finance23-November, 2012 19:33 IST
No Tax Free Zones in Operation

There is no concept called Tax Free Zones as such in operation. However, there are schemes like Special Economic Zones (SEZs) and Export Oriented Units (EOUs) which provide tax exemptions. Both above schemes are administered by the Department of Commerce. In addition to above, package of incentives for the Special Category States of Jammu and Kashmir, Himachal Pradesh, Uttarakhand and North Eastern States (such as Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura) are provided by the Department of Industrial Policy & Promotion under its Industrial Policy. Package of incentives provided to above States also include various tax concessions as per notifications issued by the Department of Revenue.

Presently there is no proposal under consideration of the Ministry of Finance to declare certain areas as tax free zones.

This was stated by the Minister of State for Finance, Shri S.S. Palanimanickam in a written reply to a question in the Lok Sabha today.

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(Release ID :89371)

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