Commerce department seeks more than 150 SEZs
North Block disagrees, sees SEZs as tax havens
While the commerce ministry claims that 150 SEZs have been approved and a cap had been fixed on fresh approvals, revenue department officials distinguished between final approvals and "in-principle" nods. According to them, only 30-odd projects have got final notification. Thereby, it may be assumed, leaving space for further approvals especially if many SEZ proposals fall by the wayside.
Meanwhile, the Commerce department hopes the Group of Ministers meeting later this week, will raise the ceiling of approvals from 150. The finance department rues that SEZs pose a threat to revenue collection and sees no reason to increase the number beyond the current 150. The revenue department also disapproves of SEZ developers setting up golf courses, malls, multiplexes and an unchecked number of residential buildings inside the SEZ.
By INRnews Correspondent
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