kandla sez

7/29/2019 kandla sez

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The KandlaSpecial Economic Zoneor KASEZ is located at the Gulf of Kutch, which is in the western coast

ofGujarat. It is 9 kilometers from the Kandla Port.It is the first ever Export Processing Zone built inAsiaand with

142 operational units across 1000 acres is presently regarded as the biggest operating multi-product SEZ in

the country.

LOGISTICS

World class links

Located9 kms from kandla port the port with minimum THC

Just 55 kms from mundra container terminal operated by Pand o

Connected to Mumbai and new delhi by rail road

Infrastructure LAND AND BUILDING

The only functional 1000 acres sez

Fully developed industrial plots in all sizes on 15 years renewable lease@ Rs13/ per sq. mtr. Per annum

Ready to occupy Industrial sheds of various types available for the SEZ units on FCFS basis on 15 year

renewable lease terms @ Rs.250/sqm to Rs. 420/sqm per annum rentals

Eonomical Operations

In house round the clock Customs Clearance at no extra cost

Five commercial banks with foreign exchange facilities within the zone complex

SBI Overseas Banking Unit

Gujrat Specific Fiscal incentives

Exemption from Purchase Tax

Exemption from Sales tax

Exemption from Motor Spirit Tax

Exemption from Luxury Tax

Exemption from Entertainment Tax etc on sales and transactions

Exemption from Stamp Duty

Exemption from registration fees payable on transfer of land and loan agreements,credit deeds and mortgages

executed by the units

Other facilities

Private warehousefor additional storage capacities

Postal and telegraph services

International and domestic couriers

Shipping agents,cargo handlers,transporters available in the kandla complex
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Corporate governance is pretty crucial for the success as well as avoiding any possible slip-ups. At Kandla this

is more or less guaranteed with a monitoring committee comprising Customs and led by Development

Commissioner having been set up to keep a watch on the units performance.

The process of operation has also been made smoother for these entities with exemption from regular

examination of the cargo imported and exported by the Customs officers. These companies are also allowed

complete and automatic FDI.

Post office clearing agents, banking facilities and other support services are also available in the zone complex,

which makes it convenient for the companies to carry out their financial transactions without much hassle at all.

Asides from these, these companies also have the permission to keep total foreign exchange earnings in the

EEFC accounts.

Companies willing to set up shop in Kandla will be happy to know that the SEZ offers many ready to use

spaces and developed plots.

With facilities such as permission to repatriate and realize proceeds from exports within a 12 month period and

the freedom from excise and customs duties on goods that are used for establishing units, doing business over

here should be a great prospect!

The highlights of the infrastructure and incentives of the Kandla SEZ are

The SEZ unit at Kandla is treated as foreign territory for the purpose of trade operations and duties and

tariffs

For import activities no licence is required and import of capital goods, spares, consumables, and raw

materials is exempt from customs duty

100% Foreign Direct Investment is permitted in the manufacturing sector and for the development of

infrastructure

Subcontracting abroad is permitted

The import and export cargo items are free from all routine examination by Customs

The Kandla SEZ provides support services like banking, post office clearing agents, restaurants, and

dispensary within the zone complex. State Bank of India, Bank of Baroda, Punjab National Bank, and

Dena Bank all have their branches in the Kandla Special Economic Zone (KASEZ).

Kandla SEZ is also that many banks have opened their branches in the SEZ. These include Bank of Baroda,State Bank of India, Dena Bank, and Punjab National Bank. Further Advantage Kandla SEZ is that land isavailable at very low price at around ` 13 per sq. mtr. Many companies have set up their units in the Kandla

SEZ after coming to know of its many advantages.

The companies that have units in Kandla SEZ are:

Neelam Metal Industries

Kandla Polyplast Pvt. Ltd.

Hindustan Celluloids & Plastics Ltd.


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Maruti Exports

Om Siddhi Vinayak Impex

Palmon Exports

Advantage Kandla SEZ as seen are many and it is for this reason that many companies have set up their units

in the SEZ. So in order to further encourage the Kandla SEZ, the state government must take more efforts so

that Advantage Kandla SEZ is sustained on a long-term basis.

As on date there are 186 functional units in KASEZ comprising units from

engineering sector, chemical and allied products, garments sector, plastics sector, and

trading units etc. The expanded area of nearly 300 acres is now almost saturated and

the major units coming up in the area are in the engineering sector and an all time

high exports is expected during the current year.

The exports for the financial year 2010-11 were Rs. 2672.29 crore. KASEZ has

achieved continuous growth and has adopted its operations to the challenges of

increased volumes of trade over the years. During the current financial year upto

February 2012 the exports figure has already crossed Rs. 2712.91 crore mark and a

record breaking figure of 3000 crore is expected to be achieved by the end of this

financial year.


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kandla sez