Free Trade Zone - Definition - Law Dictionary Home Dictionary Definition free-trade-zone

Definition :

Free Trade Zone, means a the Bandla Free Trade Zone and the Santa Cruz Electronic Export Processing Zone and includes any other Free Trade Zone which the Central Government may by, notification in the Official gazette, specify for the purpose of this section. [Income-tax Act, 1961, s. 10A(iv)]

A duty free area within a country to promote commerce, esp. transshipment and processing, without entering into the country's market, Black's Law Dictionary, 7th Edn., p. 676.