Logistics terms · Logistics terms
What does SEZ (special economic zone) mean in logistics?
Short answer
A designated area treated as outside India’s customs territory for trade operations and duties, set up to promote exports.
Governed by the Special Economic Zones Act, 2005. Supplies from India to SEZ units are zero-rated under GST, and goods moving in and out follow SEZ procedures rather than ordinary customs clearance. Ask our desk how this applies to your consignment.
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The numbers behind this answer
- Also called
- SEZ
- Category
- EXIM & customs
- Related terms
- Free Trade and Warehousing Zone (FTWZ), Bonded warehouse, EXIM, GST (Goods and Services Tax)
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