A Mumbai-based company wants to set up production units in Santa Cruz SEZ in Maharashtra. Which of the following benefits can the company expect in this case?

Exemption from paying tax for an initial period of ten years

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Exemption from paying tax for an initial period of five years

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Appointment of board members by the state government

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Flexibility in certain labour laws

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Solution

The correct option is D Flexibility in certain labour laws
SEZs are designated geographical regions where production units receive special incentives. Companies who set up production units in the SEZs are exempted from paying tax for an initial period of five years. Moreover, the government gives flexibility in certain labour laws as well.

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