State Act

The Gujarat Special Economic Zone Act, 2004

21. (1) 1[Subject to the provisions of sub-section (1A), all sales and transactions within the processing area of the Zone or in the demarcated area or between the units in the processing area and the demarcated area] shall be exempt from all taxes, cess, duties, fees or any other levies under any State law to the extent specified below: (a) Stamp duty and registration fees payable on transfer of land meant for approved Units in the 2[processing area of the Zone or in the demarcated area]. (b) Levy of Stamp duty and registration fees on loan agreements, credit deeds and mortgages executed by the Unit, industry or establishment set up in the processing area of the Zone 1[or in the demarcated area]. (c) 2[Tax on sales or purchases of goods other than the goods specified in Schedule III of the Gujarat Value Added Tax Act, 2003], Luxury Tax, Entertainment Tax and other taxes and cess payable on sales and transactions. 3[(1A) The benefits of exemptions under sub-section (1) shall be available to the Unit or a person on the sales and transactions of goods which have been actually and physically involved in the movement of goods.] (2) Inputs (goods and services) made to 4[the Units in the processing area of the Zone or in the demarcated area] from Domestic Tariff Area shall be exempted from 5[tax on sales or purchases of goods other than the goods specified in Schedule III of the Gujarat Value Added Tax Act, 2003] and other taxes under the State laws. (3) The Developer shall also be entitled to the benefits of exemption provided in sub-sections (1) and (2) for the entire Zone.