SEZ Act Overrides Procedural Lapses or Conditions in Tax Notifications under Finance Act: SEZ Units Eligible for Tax Exemptions for Authorized Operations within SEZ: CESTAT [Read Order]

SEZ Act Overrides Procedural Lapses - Conditions in Tax Notifications under Finance Act - SEZ Units Eligible for Tax Exemptions for Authorized Operations SEZ - CESTAT - TAXSCAN

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad bench has reaffirmed the supremacy of the Special Economic Zones (SEZ) Act, 2005, over other tax laws, stating that procedural lapses or conditions in tax notifications under the Finance Act cannot negate the tax exemptions granted to SEZ units for authorised operations within SEZ. The…

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