Seeking to revive the long-suffering Special Economic Zones, Prime Minister Narendra Modi will hold a meeting of the officials of commerce and finance ministries today to sort out the taxation and other problems hampering the implementation of the scheme.
PM MODI TO HOLD MEET WITH OFFICIALS TO DISCUSS SEZ ISSUES
Issues such as impact of imposition of minimum alternate tax (MAT) and dividend distribution tax (DDT) on SEZs; issues of conflict between revenue and commerce department will come up for discussion in the meeting.
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The meeting assumes significance as the country’s exports and manufacturing are not growing at healthy rates and SEZs can play an important role in boosting both exports and manufacturing besides generating jobs.
