2. Concept and Meaning of SEZ India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000 SEZ in India
3. Definition of SEZ Special Economic Zone means an area that has been specified as an enclave that is duty free and is treated as a foreign territory for various purposes such as tariffs, trade operations, and
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Benefits from SEZs Investment of the order of Rs.100,000 crore including FDI of US $ 5-6 billion by the end of December 2007, and 500,000 direct jobs by December 2007. At present, 1016 units are in operation in the SEZs, providing direct employment to over 1.79 lakh persons; about 40 per cent of whom are women. Exports from the SEZs during the 10-year period could touch 352 billion dollars, nearly half of India’s total annual exports, with IT and ITeS SEZs contributing 30 per cent at 105 billion dollars SEZ in India
7. Facilities of SEZ in India Exemption on duties on Indian capital goods and inputs are offered as per the requirements of the approved business activity Taxes are either exempted or waived and even reimbursed in case they are paid in advanced to the concerned authority Duty-free imports of spares, raw materials, capital goods, and consumables are offered as per the requirements of the approved business activity Preferential treatment of these units to the Indian market for easy dissemination of their products and / or service Rejected commodities (specifically barred commodities cannot be sold) within an overall limit of 50% may be sold in the domestic tariff area (DTA) on payment of respective duties as applicable after proper notification to the Indian customs authorities. And such sales of commodities in the domestic tariff area shall be
British East India Company played a significant yet strange part in the Indian. It was, at its inception, a commercial venture in the history of The British Empire, which was established in the year 1600 in the subcontinent. The main reason for entering the subcontinent was trade, making money and importing spices from South Asia. It was the Portuguese who used all their skills and their navigational technology to enter this great area first, and start trade in the most profitable manner they could. East India Company entered as an early and old-fashioned venture, and conducted a separate business with their private stockholders. Their approach and their trade lasted for many years until year 1657 (Farrington 5), when they made their base
Did you know that the British laid the foundations of modern-day India? This was one of the few positive acts the British made towards India. Many of the acts Britain made towards India benefited themselves not the Indians. You may be thinking that the British did a great thing by creating infrastructure in India, however, they created numerous complications in the government, economics, and socialism of India resulting in death among several millions of innocent civilians.
India was set upon Colonialism by the British government. This made British government responsible for the actions it took upon the indian people. The British government has to be held responsible for the destructions it made when India was directly under the British reign. The British empire took species, textiles and other goods from the indian colonies. This made India the main trading source for the period of European exploration. In the 18th century France and Britain fought for control of this land, but finally the British empire gained this territory. The British Raj is the time period when the East India Company was transferred to the Crown Queen Victoria making her the Empress of India. In 1900, India became a part of the British Empire,
The effects of imperialism are both positive and negative. The positive effects are banning inhumane traditional practices such as sati and the dowry system, promoting widow remarriage and prohibiting child marriage. The negative effects are that Britain caused the traditional industries to crash. Also, poverty increased. British officials were paid out of the India treasury.
Article 101 of UNCLOS should be read in conjunction with article 58(2), which provides that "articles 88 to 115 and other pertinent rules of international law apply to the exclusive economic zone in so far as they are not incompatible with this Part."
The imperialism that took place in India between the 1750s and the Second World War is vastly different from the imperialism that took place in Chine during those same time periods. Both events of imperialism greatly changed the formation of these two countries into the countries they are today. Great Britain dominated both India and China throughout the end of the 19th century into the 20th century. The effects of the imperialism on India and China both had positive and negative outcomes. The British imperialism over India led to the British imperialism over China.
The domination of a country’s or region’s political, cultural, or economic life by one country is called imperialism. (Esler, page. 632) European imperialism began in the 1800s. “European nations won empires in the Americas after1492, established colonies in India and Southeast Asia, and gained toeholds on the coast of Africa and China. Despite these gains, between 1500 and 1800, Europe had little influence on the lives of the peoples of China, India or Africa.” (Esler, page.632) Then the Europeans industrialized and believe western cultures were superior to all other. They felt the other countries were inferior to them and began the spread of westernization.
The modern history is characterised both by missionary expansion as well as the colonial extension by the Europeans to the non-European world. According to David J. Bosch the colonia period ‘participated an unparalled era of mission.” The colonial hold of the non-european nations such as Asia, Africa, Latin Amreica and Pasicfic Islands eventually provided greater opportunities for the Christian missionary adventure. It is important to note that the European nation states at the time were completly Chritians and most of the monarch’s or nation heads considered it their duty also to preach to gospel to the newly found/conquered lands. This essay will now look at the Christian origin in India and then going through various stages of evangelisation and the colonisation of India in the modern era.
This period was one of major change in Indian life and culture. While the East
The question asks us to investigate the positive and negative effects of Imperialism in your country. Imperialism is a policy of extending or “passing on” a country's power and influence through colonization, use of military force, or other means (Yahoo Dictionary). The India ‘before imperialism’ was ruled by The Mughal Empire (1526-1858), a kingdom that was much larger and more powerful than any other European country at that time. India was blooming, population wise and the talk of their products reached the farthest corners of the globe. But, the Mughal Empire’s rule didn’t last long and began declining at 1707, granting entrance to outside powers. India is located in the south of the Asian continent, bordering the Arabian
Permitted to import plant and equipment and unused parts up to a maximum often percent (10%) of the real value of total plant and equipment within a period of twelve (12) years of marketable operation without payment of customs duties, VAT and any other surcharges as well as import certificate fee except for indigenously produced equipment manufactured according to international standards.
One such reform came in the passage of the FTZ law in 1991. Five free trade zones have since been established. The FTZ law allows companies to import raw materials and machinery duty-free and export semi-processed and finished merchandise duty-free. Furthermore, all business transactions and contracts undertaken by companies engaged in industrial or commercial activities within an FTZ are exempt from taxes. Manufactured exports
In India, customs valuation is a compulsory process that needs to handle. As stated, when an import consignment arrive in India they need to clear the customs barrier which is their goods will be analyze in terms of value and a suitable import tariff imposed. The parties that responsible to this process are the importer or agent which is they need to pay the duty before the goods are cleared by the customs. Further, tariff is a schedule of duties and it also known as the duty or tax imposed by a country and the duty or tax within the tariff schedule. Basically, a tax will imposed when the goods cross the border between two countries.
Imports to India are governed by the foreign trade (development and regulation) act 1992 (external website that opens in a new window). Under this act, imports of all goods are free except for the items regulated by the policy or any other law in force. The present, foreign trade arrangements for different commodities are stated in the Exim policy of 2004-2009 (external website that opens in a new window). This policy is announced once every five years with annual supplements coming out every year. It is also known as the foreign trade policy or export import policy. Items on the 'prohibited ' list like tallow, fat or oils of any animal origin, animal rennet and wild animals including their parts and products and ivory cannot be imported. For import of items that appear in the 'restricted ' list you need secure an import license. Imports of items that are enumerated in the canalized list of items are permitted to be imported through
The Foreign Trade Policy 2009-14 of the Govt. of India is a “holistic strategy, driving export growth to new markets and addressing issues of labour-intensive export and intensive export and transaction cost effectively.”