Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDUSTRIAL SECTOR2 Marks
Question
What is Special Economic Zone$(SEZ)?$
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Answer
Special Economic Zone $(SEZ)$ is a fixed geographical area where business units and manufacturing units are granted certain special facilities.
Economic laws of $SEZ$ are different from economic laws of the nation.
Units set-up in $SEZ$ are granted by central and state special financial packages, tax relief, tax exemption, minimum trade control and qualitative infrastructure.
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