News dated 29 August 2022 – On DESH bill, new conditions likely to apply - The new law aims to make the SEZ Act compliant with WTO norms and boost manufacturing and job creation

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29-Aug-2022 08:28:35
- Conditions related to minimum employment and production are likely to be added to the proposed Development of Enterprise and Service Hubs (DESH) Bill, which aims to overhaul special economic zones, as part of the department of commerce’s plan to accommodate the revenue department’s concerns.
- The draft bill, which was to be tabled in the monsoon session of the Parliament, may also see some revision, with the imposition of an equalization levy to bring supplies from the development hubs to the domestic market, to bring them on par with local players, two officials familiar with the development said.
Source-https://www.livemint.com/companies/news/desh-may-come-with-some-strings-attached 11661713066205.html
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