(a)

Exemption from payment of Income Tax as per the provisions of Section 10A and 10B of Income Tax Act.

(b)

Exemption from industrial licensing for manufacture of items reserved for SSI sector.

(c)

An Offshore Banking Unit will extend credit on the same terms and condition as extended to units to SEZ.

(d)

Export proceeds will be realized within 12 Months.

(e)

Will be allowed to retain 100% of its export earning in the EEFC account.

(f)

The Units will not be required to furnish bank guarantee at the time of import or going for job work in DTA, where the unit has (i) a turnover of rupees 5 crores or above, (ii) the unit is in existence for at least three years and (iii) unit having an unblemished track record.

(g)

100% FDI investment permitted through Automatic Route similar to SEZ units.