Delhi: Govt has allowed to sell SEZ export units in domestic market at concessional rates. A minimum 20% value addition within the SEZ has been prescribed for units to get the concession that is available during the current financial year. A list of sectors has also been notified, covering major sectors and keeping sensitive sectors out.
The department is also working on a broader framework on harmonisation of various export promotion schemes, with focus on enhancing exports from India. Although the intent was announced in the budget, govt officials positioned it as a move to help exporters hit by global disruptions, including the West Asia conflict. Already, govt has offered a Rs 500 crore benefit to enhance insurance support for West Asia bound cargo, stepped up focus on duty refunds, while RBI offered relief to exporters on Monday.
Officials said the idea was to ensure maximum utilisation of production capacity. “Inclusion of minimum value addition requirements reinforces that relief measure is not about opening a trading route, but about strengthening genuine manufacturing activity. It ensures that units continue to focus on substantive production and value creation within India,” the official said, pointing to sectoral safeguards as the benefit has not been given across-the-board.
