Dr.  M. V. Subba Reddy, IAS has taken over charge as Development Commissioner with effect from 9th August, 2005.

HIGHLIGHTS OF FOREIGN TRADE POLICY FOR SEZs:    

1. Notification No.52/2003-Cus, 53/2003-Cus have been implemented in all the SEZs

2. Service Tax exemption procedure has been further liberalised for SEZ units and now on the basis of LOP, the same is extended.

3. Filing of QPR/APR by 100% EOUs and SEZ units in the state of Andhra Pradesh is being made compulsory shortly

HIGHLIGHTS OF FOREIGN TRADE POLICY FOR EOUs:  

1. Service Tax exempted

2. CST exempted

3. Converted Units to EOUs are also eligible for Income Tax exemption

4. DTA Sale on payment of full duties subject to achievement of positive NFE on self certification basis

5. 100% FDI permitted through Automatic Approval as applicable to SEZ Units

6. EOUs eligible to obtain finance from OBUs as applicable to SEZ Units

7. No attestation required for Capital Goods, import on self certification basis.