The Ministry of Finance (MoF) on July 12, 2024, issued a notification regarding exempting all goods imported by a unit or a developer in the Special Economic Zone for authorised operations.
The Central Government, on the recommendations of the Council, on being satisfied that it is necessary in the public interest so to do, hereby exempts all goods imported by a unit or a developer in the Special Economic Zone for authorised operations, from the whole of goods and service tax compensation cess leviable thereon under sub-section (9) of section 3, of Customs Tariff Act, 1975 (51 of 1975) read with sub-section (2) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017).
This notification shall come into force from July 15, 2024.
[No. 27/2024-Customs]
