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Incentives to Industries in Jammu & Kashmir, Himachal Pradesh, Uttarakhand and North Eastern States

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..... Incentives to Industries in Jammu & Kashmir, Himachal Pradesh, Uttarakhand and North Eastern States - News and Press Release Dated:- 17-12-2018 - News - Twenty-one projects are under implementation or have been completed in the States of Jammu Kashmir, Himachal Pradesh, Uttarakhand and North Eastern States including six projects in the States of Himachal Pradesh, Jammu Kashmir, Mizoram and T .....

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..... ripura.This information was given by Minister of State for Commerce Industry C. R. Chaudhary in a written reply in the Lok Sabha today. Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce Industry has been implementing many schemes for providing incentives to industries in the States of Jammu Kashmir, Himachal Pradesh, Uttarakhand and North Eastern States .....

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..... including Sikkim. The scheme for Jammu Kashmir provides Central Capital Investment Incentive at the rate of 30% of the investment in plant machinery with an upper limit of ₹ 5 crore). Central Interest Incentive at the rate 3% interest on working capital for 5 years and Central Comprehensive Insurance Incentive (Reimbursement of 100% insurance premium for 5 years are also available. T .....

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..... he scheme is in force from 15.6.2017 to 31.3.2022. The scheme for Himachal Pradesh Uttarakhand provides Central Capital Investment Incentive at the 30% of the investment in plant machinery with an upper limit of ₹ 5 crore and Central Comprehensive Insurance Incentive (Reimbursement of 100% insurance premium for 5 years). The scheme is in force from 1.4.2017 to 31.3.2022. The schem .....

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..... e for North Eastern states including Sikkim provides (i) Central Capital Investment Incentive (30% of the investment in plant machinery with an upper limit of ₹ 5 crore), (ii) Central Interest Incentive (3% interest on working capital for 5 years), (iii) Central Comprehensive Insurance Incentive (Reimbursement of 100% insurance premium for 5 years), (iv) Income Tax Reimbursement of cen .....

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..... tre s share for 5 years, (v) GST reimbursement of Central Govt. share of CGST IGST for 5 years, (vi) Employment Incentive under which additional 3.67% of the employer s contribution to EPF in addition to Govt. bearing 8.33% Employee Pension Scheme (EPS) contribution of the employer in PMRPY and (vii) Transport incentive on finished goods movement by Railways(20% cost of the transportation), by I .....

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..... nland Waterways Authority (20% of the cost of transportation) by air (33% of cost transportation of air freight) from the station/port/airport nearest to unit to the station/port/airport nearest to the destination point. Under this scheme a single unit can avail overall benefits up to ₹ 200 crore. Scheme of Budgetary Support to the eligible units located in the states of Jammu Kash .....

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..... mir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim under Goods and Service Tax Regime extends benefits of GST reimbursement of central government share of CGST IGST to the industrial units for the residual period to them which were earlier availing excise exemption in the pre-GST regime. The scheme is in force from 01.07.2017 till 30.06.2027. In addition, under this s .....

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..... cheme, DIPP is implementing Modified Industrial Infrastructure Up-gradation Scheme (MIIUS) to upgrade common industrial infrastructure in industrial parks, estates and areas in the country including green field projects in backward areas including NER. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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