A Special Economic Zone (SEZ) is defined as a deemed foreign territory within a country with special rules for facilitating FDIfor export-oriented production, and for purposes of trade and customs duties. These Zones (SEZs) are geographical region that have economic lazes different from a country's typical economic laws. Different economic institution and government departments have defined it in different ways. The objective of this paper is to understand the concept and meaning of SEZ, study the tax exemptions and concessions available under the scheme of SEZ., analyse why &how SEZ has been formed by the Government of India and to know the benefits obtained by establishing Special Economic Zone (SEZ) at JSL Limited.
