Govt allows DLF to withdraw 4 SEZs

Written by: Super Admin
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New Delhi, Jun 2: The Board of Approval (BoA) in the Commerce Ministry has given in-principle approval to DLF to withdraw four of its IT, ITES Special Economic Zones. It has also directed the realty major to return all the tax sops it had taken from the Centre.

DLF that did not wish to carry on its projects in the SEZs due to slowdown in the real estate business, must return all the tax sops it had received before its SEZs in Gujarat, West Bengal, Orissa and Haryana could be denotified.

"DLF will be giving back all the duties and the Department of Revenue, Customs (authorities) and Development Commissioners would ensure that the duties have been refunded," the official said on Tuesday, Jun 2.

The BoA has also allowed more time to the K Raheja group to build its tax-free zones in Goa, Hyderabad and Navi Mumbai.

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