Consider the following statements related to SEZ1. It is a duty free enclave to be treated as foreign territory for the purpose of trade operations and duties and tariffs.2. The corporation in SEZs will not have to pay any income tax on their profits for the first five years and only 50% of the tax for 2 more years thereafter.3. A SEZ does not require a license for exports.Which of the above statements are true?

Consider the following statements related to SEZ
1. It is a duty free enclave to be treated as foreign territory for the purpose of trade operations and duties and tariffs.
2. The corporation in SEZs will not have to pay any income tax on their profits for the first five years and only 50% of the tax for 2 more years thereafter.
3. A SEZ does not require a license for exports.
Which of the above statements are true?

1,2

2,3

1,3

All the above

Explanation:

A SEZ does not require a license for imports.