Homeeconomy News

Rental on units of central government-owned SEZs deferred until July 31

Rental on units of central government-owned SEZs deferred until July 31

Rental on units of central government-owned SEZs deferred until July 31
Profile image

By Rituparna Bhuyan  May 11, 2020 4:20:37 PM IST (Published)

The ministry has directed Development Commissioners of SEZs to defer payment of lease rentals until July 2020 from units that are located in seven central government managed zones.

The Commerce Ministry has deferred lease rental payments for central government-owned Special Economic Zones (SEZs) until July 31, 2020. On May 11, the ministry extended similar rental relief to factories and establishments located in SEZs managed by private developers and state governments.

Recommended Articles

View All

The ministry has directed Development Commissioners of SEZs to defer payment of lease rentals until July 2020 from units that are located in seven central government managed zones.
Moreover, the ministry directed central government SEZs not to increase rentals in FY2021.
“Development Commissioners are also requested to advise developers of state government /private SEZs to consider similar relief measures in their zones,” the Commerce Ministry said in a press note.
Currently, there are over 5,200 factories and establishments that operate from 240 SEZs, which are exclusive duty free export enclaves.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!