SEZ

A Special Economic Zone (SEZ) is a designated area within a country where trade, customs, and tax rules differ from the national regime to attract investment, manufacturing, and export. SEZs are the broad category that contains free-trade zones and bonded logistics parks as specific sub-types, so a port SEZ can combine duty-free import of inputs, simplified customs, and tax incentives for processing and re-export. Goods inside an export-oriented zone move with deferred or waived duty until they enter the domestic market. Port-linked SEZs use the quay, the bonded area, and the hinterland connections together to build an export and value-added hub.