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SEZ Act Section 2z Payment Norms
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Quiz · SEZ Act Section 2z Payment Norms
Two Prelims-style questions on this topic from 19 September 2026. Choose an option to check yourself, then open the full note or today’s full quiz.
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Consider the following statements regarding Special Economic Zones (SEZs): 1. The Domestic Tariff Area (DTA) refers to the area within India outside SEZs where normal customs and tax laws apply. 2. Supply of goods from SEZ to DTA historically required mandatory forex realization under Section 2(z). Which of the statements given above is/are correct?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Solution
Which of the following best describes the recent draft government note regarding SEZ units and the Domestic Tariff Area (DTA)?
A
It recommended allowing Indian Rupee payments for services provided by SEZ units to the DTA.
B
It banned all imports from the Domestic Tariff Area into Special Economic Zones.
C
It abolished customs duties for goods moving from SEZs into foreign territories.
D
It mandated that all SEZ transactions must be conducted strictly in US Dollars.
Solution
