Budget 2014: Exporters Body Asks Finance Minister to Roll Back MAT from SEZs

Export promotion body for special economic zones has asked the Finance Minister to roll back the minimum alternate tax (MAT) on SEZs saying that the move will boost overseas shipments as well as domestic manufacturing. In its pre-Budget consultations with Finance Minister Arun Jaitley, the Export Promotion Council for EOUs & SEZs (EPCES) said: "MAT on SEZs should be exempted. If not feasible at least reduce it to 7.5 per cent, e...