CBDT issues exemption for SEZs

The Central Board of Direct Taxes (CBDT) vide notification dated July19, 2022 has exempted following Goods from tariff when exported from units located in the Special Economic Zone (SEZ):

• 2710 – Motor Spirit, commonly known as petrol

• 2710 – High speed diesel oil

• 2710 – Aviation Turbine Fuel

The exemption shall come into force on July 20,2022.

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