11 May 2020
Ministry of Commerce & Industry
SEZ units: major rental incentive proposed.By means of this circular, the Government of India has informed all Development Commissioners (DC) of SEZs that a decision has been taken to (a) not increase lease rentals for the financial year 2020-21 and (b) permit deferred payment of lease rentals (for the months of April, May and June 2020) till July 31, 2020 without levy of any interest. The circular also requests DCs to advise private SEZ developers and co-developers to extend similar benefits to companies having units in private SEZs. Most IT and ITeS companies which are SEZ units have office space with private SEZ developers.