Capital Investment Subsidy under NEIIPP

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..... Capital Investment Subsidy under NEIIPP - News and Press Release Dated:- 1-8-2014 - News - The total number of capital investment subsidy cases cleared and disbursed by the Government till 31.03.2014 value-wise is as under:- Type of capital investment subsidy cases with value Numbers less than 1 crore per unit 261 .....

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..... between 1 to 10 crores 33 between 10 to 50 crores 08 more than 50 crores 01 The procedure for clearing incentives proposals for smaller units is simpler as compared to bigger units. Central Capital Investment Subsidy claims upto ₹ 5 lacs are approved by the District Leve .....

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..... l Committee (DLC), whereas claims above ₹ 5 lacs but upto ₹ 1.50 crores are approved by the State Level Committee (SLC). Claims in excess of ₹ 1.50 crores and upto ₹ 30 crores are appraised by the Directorate but approved by the Empowered Committee (EC) constituted for the purpose. Claims in excess of ₹ 30 crores are approved by the Union Cabinet after being appr .....

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..... aised by the SLC / EC. In addition to the above, the procedure for claiming subsidy has further been streamlined and the different approving authorities are required to invariably take into consideration the value of plant and machinery as assessed by a financial institution. However self-financed micro-units have been exempted from investment appraisals for availing capital investment subsidy. .....

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..... The data given above does not suggest that level of scrutiny is adversely affecting industrialization in NE States. The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanageme .....

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..... ntindia.com - TMI - TaxTMI - TMITax .....

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