100% Export Oriented units are totally exempted from
Income Tax, Excise Duty and Sales Tax.
Sales tax concessions of 1% on
electricity consumption charges is allowed for units which export at
least 10% of their product in a year.
In order to encourage Small
scale Industries to employ local people in their units, it is proposed
to grant subsidy to small scale industries at the following rates.
Rs.100 per month/person subject to a maximum subsidy of Rs.12,000 per
annum per unit.
In order to motivate industrialists and
entrepreneurs to install Pollution control equipments in their
industries, it is proposed to adopt the following pattern of
assistance:
(a) Rate of Incentive for small Scale
Industries:- 50% of the cost of pollution control machineries and
equipments with a ceiling of Rs.5.00 lakhs per unit.
(b)
Rate of Incentive for medium and Large Scale industries:- 25% of
the cost of pollution control machineries and equipments with a
ceiling of Rs.5.00 lakhs per unit
PACKAGE OF INCENTIVES FOR
I.T RELATED INDUSTRIES:
Term loans upto Rs.50 million for projects amounting to less
than Rs.120 million is provided by PIPDIC. Uninterrupted power
supply at lower rates. Full exemption from income Tax, Excise Duty
and Sales Tax for 100% export oriented units.
Sales Tax Exemption
- 10 Years
Capital Subsidy
- 20 %
Subsidy on Leased Line Rentral - 50 %
Rate of Interest
- 0.5% less
Tax on Land and Building
- Exempted
Stamp duty - exempted on loan given by
PIPDIC
