Wondering what "SEZ" (Special Economic Zone) means? This short reference explains it in plain terms.
An SEZ is a designated duty-free enclave treated as foreign territory for trade operations. Supplies to SEZs are zero-rated under GST.
What is SEZ?
An SEZ is a designated duty-free enclave treated as foreign territory for trade operations. Supplies to SEZs are zero-rated under GST.
| Full form | Special Economic Zone |
|---|
Where it is used
- Export-oriented operations
- Zero-rated GST supplies
Why SEZ matters
SEZ shows up in real filings, forms and transactions, so knowing what it means helps you complete them correctly and avoid errors, rejections or penalties. When in doubt about how SEZ applies to you, confirm on the official portal or with a qualified professional before filing.
Frequently asked questions
What is the full form of SEZ?
SEZ stands for Special Economic Zone.
What is SEZ used for?
Export-oriented operations; Zero-rated GST supplies.