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why the area under the special export zones has been declared foreign territory
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Q.
Why the area under the Special Export Zones (SEZ) has been declared ‘foreign territory’?
[A] SEZ goods are free of excise duty
[B] SEZ goods cannot be sold in the domestic tariff area
[C] Goods cannot be brought into the domestic tariff area
[D] Goods brought from the SEZ to the domestic tariff area are to be treated as ‘imported’ goods
Answer & Explanation
Option: [D]
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