Should India be able to decouple itself from US Subprime Impact?

Thursday, August 30, 2007

States seek pie in SEZs, moot 2% stamp duty

NEW DELHI: State governments are keen to capture a slice of the SEZ bonanza. The governments of Haryana, Maharashtra and West Bengal are in talks with the Centre to explore the possibility of introducing a stamp duty of around 2% on the non-processing areas within an SEZ.
This would require an amendment in the SEZ Act, which provides for anexemption from state taxes andlevies, besides Central taxes.

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