BENEFICENT KNOWLEDGE PARKS AND PROPERTIES LTD.
The Provider of Choice
For Solutions to develop and execute business profitably, with Safety and Innovation.
Advantages to entrepreneurs setting up units in Hindupur
  • High quality infrastructure at affordable rentals with initial concessions.
  • Action oriented responsive and export friendly administrative setup.
  • Strategically located - Easy accessibility to South and South East Asian countries.
  • Strong industrial base and productive workforce.
  • Readily available skilled workforce at reasonable wages
  • High quality and low cost social infrastructure
  • Well connected by rail, road and air to rest of the country
  • In-house customs facility for quick and easy clearances


MAIN ADVANTAGES RELATIVE TO THE DOMESTIC INVESTMENT ENVIRONMENT, SEZS TEND TO OFFER TO EXPORT-ORIENTED UNITS :

  • The SEZ is a designated duty-free enclave and treated as foreign territory for trade operations, duties and tariffs
  • Units can be setup for manufacturing, trading and service activity
  • Policy permits self-certification procedure for all clearance/ permissions
  • Units have to achieve only positive Net Foreign Exchange (NFE) within five years i.e., A-B>0 where (A) is the FOB value of exports; and (B) is CIF value of imports
  • Exemption from Customs and Central Excise duty on import/local procurement for the purpose of establishment and maintenance of the unit
  • 100 % Direct Foreign Investment permitted through automatic route in SEZs and full and free repatriation of export proceeds permitted and
  • Sub contracting of part of production process permitted in the Domestic Tariff Area. Sub contracting of part of production or production process is also permitted abroad.
FISCAL INCENTIVES AVAILABLE TO SEZ UNIT

  • Exemption of Service Tax
  • Exemption from payment of Central Sales Tax (CST)
  • Exemption from payment of Income Tax on export income for the first 5 years, 50 % for the next five years and 50 % of ploughed in profits for next 5 years.

EXCLUSIVE SEZ POLICY

  • The Development Commissioner is the Nodal Authority to facilitate all Central / State level clearances.
  • The Development Commissioner has been delegated, with the power of Commisionar of laborfor SEZs
  • Self-Certification procedure has been introduced for filling of regular returns
  • Public Utility Status granted
  • Women working in night shifts allowed for software units