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New charges applicable for Freeport annual fees as per Finance
(Miscellaneous Provisions) Act 2012 which amends the Freeport Act:
FOURTH SCHEDULE [Section 9(h)] and THIRD SCHEDULE [Section 11]
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Annual fee payable: |
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within the due date
Rs. |
after the due date
Rs. |
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1. Freeport certificate as a private freeport developer |
With the right to carry out the freeport activities specified in item 1 of the Second Schedule |
200,000 |
300,000 |
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2. Freeport certificate as a third party freeport developer |
With the right to carry out the freeport activities specified in item 2 of the Second Schedule |
200,000 |
300,000 |
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3. Freeport certificate as a freeport operator |
With the right to carry out one or more of the freeport activities specified in item 3 of the Second Schedule |
20,000 |
30,000 |
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4. Authorisation to a third party freeport developer to provide warehousing facilities under section 7(3)(a)(i) |
With the right to provide warehousing facilities for storage of goods to enterprises outside the freeport zones |
3,000 per
enterprise |
4,500 per
enterprise |
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5. Authorisation to a third party freeport developer for the purposes of holding exhibitions, trade fairs and other events under section 7(3)(a)(iv) |
With the right to hold exhibitions, trade fairs and other events |
20,000 rupees for one-day event or 15,000 rupees per day for more than one-day event |
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6. Authorisation to a private freeport developer to provide warehousing facilities for storage of goods to any person under section 7(3)(a)(v)
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3,000 per
enterprise |
4,500 per
enterprise |
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7. Authorisation to a third party freeport developer to rent space to an enterprise outside the freeport zone for the manufacturing and storage of goods under section 7(3)(a)(vi)
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With the right to rent space to an enterprise outside the freeport zone for manufacturing and storage of goods |
3,000 per
enterprise |
4,500 per
enterprise |
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