Applicability of GST on Special Economic Zone (SEZ)

A Special Economic Zone (SEZ) is a designated area with clear boundaries that operates as a duty-free zone. It is considered foreign territory with respect to trade activities, customs duties, and tariffs.

Goods imported by a unit or a developer in the SEZ for authorised operations are exempted from the whole of IGST livable under Section 3(7) of the Custom Tariff Act, 1975 vide Notification No. 64/2017- Customs dated 5th July, 2017.

This duty-free import privilege leads to substantial cost savings for their operational activities.

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