Government Plans SEZ Act Amendment to Allow Rupee Payments for Domestic Services

The Commerce Department is preparing a Cabinet note to amend the Special Economic Zones (SEZ) Act, allowing SEZ units to receive payments in Indian rupees (INR) instead of foreign exchange for services provided to customers in the Domestic Tariff Area (DTA). The proposed reform is expected to remove a long-standing regulatory hurdle and significantly expand […] The post Government Plans SEZ Act Amendment to Allow Rupee Payments for Domestic Services appeared first on India Seatrade News .

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