The Centre’s decision to exempt all permissible imports by Special Economic Zone (SEZ) units and developers from Quality Control Orders (QCOs) and mandatory Bureau of Indian Standards (BIS) requirements is expected to significantly accelerate semiconductor manufacturing projects being set up under the India Semiconductor Mission (ISM), analysts told ET.
A notification was issued by the Directorate General of Foreign Trade (DGFT) on June 1, amending the Foreign Trade Policy to expand QCO exemptions for SEZ imports.
