Exports from SEZs
The 30th Report of the Public Accounts Committee (2010-11) on performance of SEZs has, inter-alia, observed that out of an overall export of Rs. 7,149.23 crore made by a sample 22 SEZ units, the actual export content was only Rs. 1,999.27 crore (28 per cent) and the remaining Rs. 5,149.96 crore (72 per cent) related to Domestic Tariff Area (DTA) earnings.
The total value of exports from SEZs during the financial year 2009-10, 2010-11 and 2011-12 have been Rs. 220.7 thousand crore, Rs 315.9 thousand crore and Rs. 364.5 thousand crore respectively, registering growth of 121%, 46.11% and 15.38% over the exports of the immediately preceding financial year.
No export targets are set for Special Economic Zones (SEZs). However, the SEZs are under obligation to achieve positive Net Foreign Exchange (NFE) earnings to be calculated cumulatively for a period of 5 years from the commencement of production, failing which the units shall be liable for penal action under the provisions of the Foreign Trade (Development and Regulation) Act, 1992.
This information was given by Shri Jyotiradiya M. Scindia, Minister of State for Commerce & Industry in written reply to a question in Lok Sabha today.
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