.....is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.

A	SEZs
B	FDI
C	FIPB
D	CDR

Explanation:

Detailed explanation-1: -Ans. Special Economic Zone (SEZ) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations, duties and tariffs.

Detailed explanation-2: -Special Economic Zone (SEZ) is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. 2. Who can set up SEZs? Any private/public/joint sector or State Government or its agencies can set up Special Economic Zone (SEZ).

Detailed explanation-3: -Section 4. Establishment of Special Economic Zone and approval and authorisation to operate it to, Developer. Section 5. Guidelines for notifying Special Economic Zone.

Detailed explanation-4: -Domestic Tariff Area (DTA) or Domestic Tariff Zone (DTZ) means an area within India that is outside the Special Economic Zones and EOU/EHTP/STP/BTP. The units operating under certain specific schemes such as EPZ/SEZ/EOU are expected to carry out their activities within a customs bonded area.

Detailed explanation-5: -Answer : The major incentives and facilities available to SEZ developers are as under: Exemption from customs/excise duties for development of SEZs for authorized operations approved by the BOA.

There is 1 question to complete.