A government panel, comprising officials from the Commerce and Industry Ministry, NITI Aayog, as well as exporters, is working on new Special Economic Zones (SEZs) norms aimed at boosting manufacturing and helping exporters leverage the domestic market amid steep US tariffs that have hurt production, a person aware of the development told The Indian Express .

This comes after multiple units in the SEZs, particularly those which entirely cater to the US market, have written to the Commerce Ministry seeking that they be de-notified due to sudden tariff pressure that has left exports uncompetitive in the US market. However, exporters, till now, have tried to hold on to the US market even by bearing losses. SEZs enjoy various tax benefits, including duty-free imports and domestic procuremen

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