The Ministry of Commerce & Industry vide File No. K-43014(16)/5/2020 – SEZ dated May 11, 2020 to provide interim relief to the SEZ units in lease rent on account of the COVID-19. The following relief for SEZ units on account of the COVID–19 outbreak are as under:-
(A) No increase in lease rent for the SEZ units for the FY 2020-21
(B) Payment of Lease rent of the first quarter is to be deferred up to 31st July 2020 for all SEZ units. The deferment may not invite any interest thereof.
Further, the DCs are requested to take necessary action on the matter. The DCs are also requested to advise developers of state govt/private SEZs to consider similar relief measures in their zones.
The Circular can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2020/05/lease-rent-issue.pdf