INDUSTRIES
INDIAN MINERALS AND INDUSTRIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Govt. of India has provided Tax Holidays for SEZ. What does SEZ stand for?
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Special Economic Zones
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Special Exports Zones
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Software Economic Zones
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Spend Economic Zones
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Explanation:
Detailed explanation-1: -India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965.
Detailed explanation-2: -A special economic zone (SEZ) is an area in which business and trade laws differ from the rest of the country.
Detailed explanation-3: -SEZ full form in GST, Special economic zone (SEZ) is the area which is deemed as a foreign territory within the country border and is also a duty free region for the purpose of trade and tariff.
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