SEZ Rules to be aligned with GST laws by July-end

The centre will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 synchronised with Goods and Services Tax (GST) laws by end of this month, a top official in the Union Ministry of Commerce and Industry said. He was speaking at an ASSOCHAM International SEZ Investment Summit held in New Delhi today. “We have been working for a few months on the amendment of SEZ Rules, 2006 to synchronise it with the GST laws, this is under active consideration of the government,” said Bidyut Behari Swain, additional secretary in Department of Commerce. “With due consultation process with Department of Revenue, I am glad to tell you that this fairly elaborate amendments of the rules is likely to come out now by the end of this month, it is almost at the final stage and we shall be issuing it,” added Swain.