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Special Economic Zones Boon or Bane


We are pleased to invite you for the 2nd edition of knowledge series on various Tax, Legal and Risk Management subjects. The session is scheduled on Saturday 05 Oct 2013, at Hotel Copper Folia, Kozhikode.

India is the first ever country in Asia to recognize exports and promote global trade between countries. The Export Processing Zones (EPZ) Model promoted by Indian Government was a very successful model and Asia’s first ever EPZ was set up in Kandla in 1965. Further, the Government of India initiated the Special Economic Zone policy in the year 2000, in order to create world class Infrastructure and attract Foreign Investment. Until 2006, Special Economic Zones were operating under the Foreign Trade Policy and fiscal incentives granted under the policy were made effective through provisions of relevant statutes. SEZ Act got introduced in the Parliament and got the Presidential assent in June 2005.

SEZ is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs in India. SEZs can be set up under Public Private Partnership and it envisages the State Governments about their key role in creating Infrastructure and thereby resulting in development of the State.

The proposed seminar on Saturday Oct 05, 2013 will be on

  • Brief Introduction on Special Economic Zones
  • Fiscal Incentives ( both state and centre) made available to special Economic Zones
  • Challenges being faced in availment of Fiscal Incentives
  • Latest Amendments to the SEZ Rules
  • Various other Administrative aspects governing SEZs.
  • We look forward to your valuable presence.

09:30 hrs – 10:00 hrs

10:00 hrs - 10:15 hrs
Welcome Address & Introduction of the Speaker by Mr. Duleep Sahadevan, Director, Software Associates followed by Participants Introduction

10:15 hrs – 10:45 hrs
Special Address: Ms. Bhuvaneswari Ravindran, Joint Development Commissioner, Government of India

10:45 hrs – 11:00 hrs
Networking Tea Break

11:00 hrs – 13:00 hrs
Expert Talk by Ms. Bargavi Natesan, Partner – S P R & Co., Chennai

13:00 hrs – 13:45 hrs
Networking Lunch

13:45 hrs – 14:45 hrs
Session Continues

14:45 hrs – 14:55 hrs
Q&A Discussion

14:55 hrs – 15:00 hrs
Vote of Thanks

15:00 hrs – 15:15 hrs
Travel to UL Cyberpark

15:15 hrs – 16:30 hrs
UL Cyberpark SEZ visit

Bargavi Natesan

Ms. Bargavi Natesan, is a Chartered Accountant and a Company secretary, having post qualification experience of over 13 years in Corporate Finance, Accounting, Auditing, Taxation, Management Reporting, Government Liasoning, Project Co-ordination and Consultancy.

Currently, she is a Partner in SPR & Co., Chartered Accountants. Prior to this, she was associated with leading software companies Infosys and Cognizant, heading compliance – India & Asia Pacific.

  • She specializes in the areas of STP/ SEZs, Customs, Service Tax etc. She is very active in Government Liasoning with Ministry of Commerce, Ministry of Finance, State Governments, NASSCOM, Service Tax cell etc.
  • She was an elected member of the Export Promotion Council for EOUs and SEZs, Ministry of Commerce and has held position as Secretary, Tamil Nadu Association for SEZ Infrastructure Developers
  • She has Co Authored a Book on FAQ for IT SEZs which got published and released jointly by Electronics Corporation of Tamil Nadu, Government of Tamil Nadu and Nasscom
  • A member of the Core Committee formed by NASSCOM, Delhi to address all Tax issues and to ensure that policy and regulations are modified to suit the best needs of the Business
  • A Core Member of the Regional Governing council formed by Nasscom to interact with State Government and to guide policies and discuss issues on taxation
  • Went on a representation to the Parliamentary committee on SEZ to sort out and bring in clarity on policy issues governing SEZs
  • Has been instrumental in conceptualizing and driving the SEZ online application as approved by the Ministry of Commerce, in consultation with Industry
  • A Panel member of the Core Committee formed by RBI to revise the Softex Procedure for IT/ITES Industry, a Go Green initiative which reduced nearly 85 % of the paper work for the entire Software Industry in relation to Export Documentation

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