The misuse of customs concessions by the SEZs has resulted in a revenue loss of Rs 143.94 crore (Rs 1.43 billion) since 2002-03. However, the government could recover only Rs 1.50 crore (Rs 15 million) from these cases.
This information was provided by Minister of State for Finance S S Palanimanickam in the Lok Sabha.
The revenue loss has taken place despite the monitoring done by the Commerce Ministry officials headed by a development commissioner. Customs officials also check the movement of goods in and out of the SEZs.
