Corporate

BoA to take up fresh SEZ proposals on Aug 11

The Board of Approval (BoA), the apex body which clears special economic zone (SEZ) projects, will meet next month to approve fresh proposals. - What ban? - Implement tea e-auction, Kerala HC tells Tea Board - RBI unveils timetable to implement norms - CLB authorises Mahindra Satyam to allot shares - Govt removes anomaly in SEZ I-T law - Landholders delay Mangalore SEZ "The BoA chaired by Commerce Secretary Rahul Khullar will take up fresh proposals for setting up SEZs on August 11," a senior Commerce Ministry official said. The last BoA held on June 19 had approved two fresh proposals, ratified extension of time to 23 developers, including Satyam Computer Services, for implementing tax-free enclaves. Senior officials from different ministries, including Finance, Home Affairs and Defence, would be attending the meeting, a Commerce Ministry official said. So far 576 formal approvals have been granted for setting up of SEZs, out of which 319 have been notified. Exports from SEZs grew by 36 per cent to Rs 90,416 crore in 2008-09 from Rs 66,638 crore in the previous fiscal.

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