Special provisions … (c) Exemption from Luxury and Entertainment tax for a period of seven years from the date of commencement of commercial operations. For instance, an eligible unit located in “C” category makes a fixed capital investment of Rs. Cash subsidy for SSIs in thrust industries: 25% of the eligible fixed capital investment or Rs. With additional incentives the capital subsidy will further increase to 25% as against existing NPV benefits Rs 21 crore, and currently, the subsidy cap of Rs 30 crore per unit is applicable under A-TUFS accordingly the maximum investment by a single unit will reduce to Rs 120 crore as against Rs 200 crore earlier; hence revision in this subsidy cap per unit will also be required under A-TUFS to undertake … The CIT (A), however, directed the Assessing Officer to reduce, on proportionate basis, the capital subsidy received during the relevant assessment year from the written down value of respective block of assets for the purpose of computing depreciation allowance under the Act while directing that the subsidy should be treated as capital subsidy. the good is supplied free of cost, it should be distinguished from an income-transfer (of an equivalent amount) which need not be spent exclusively on the … 30 lakhs and the definition of investment is more comprehensive. Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs; Agriclinic and Agribusiness Centres Scheme; National Livestock Mission; GSS – Ensuring End Use of Subsidy Released; Interest Subvention Scheme ; New Agricultural Marketing Infrastructure; Formulation of Special Long Term Refinance Schemes; Interest Subvention Scheme. The scheme has been revised w.e.f. Without taking prior approval of the Ministry of Industry, Department of Industrial Policy and Promotion/State Government/Financial Institution concerned, no owner of an industrial unit after receiving a part or the whole of the grant or subsidy will be allowed to change the location of the whole or any part of industrial unit or affect any substantial contraction or disposal of a substantial part of its … We help our clients in availing various Government Grants & Subsidies such as: Single Point Registration Scheme (SPRS) The Government is the single largest buyer of a variety of goods. Green and … The new package provides Capital Investment Subsidy, Interest Subsidy and Insurance Subsidy to new industrial units and existing industrial units on their substantial expansion. The Capital Gain Scheme was introduced in the year 1988, and as per the Capital Gains Account Scheme the amount of capital gains to be claimed as an exemption should be either be re-invested or deposited in the Capital Gains Account before the due date of filing of returns. Assistance is given in different forms like capital investment subsidy, production subsidy, cash assistance, export subsidy, duty drawback etc. 750 Cr but Less than Mega Project … With a view to increase the share of purchases from the small-scale sector, the Government Stores Purchase … 2. I) TUFS: Scheme operated by Ministry of Textiles, Govt. the rst ten years of operation.In 2009, an alternative Federal subsidy, the section 1603 grant, was introduced, providing developers with the option to take an up-front cash payment equal to 30 percent of investment costs instead of the PTC.The 1603 grant was a unique and unexpected Subsidy on Pollution Control Devices @ 60% of the cost of pollution control devices subject to a maximum of Rs.50.00 Lakhs. Capital investment is considered to be a very important measure of the health of the economy. In this age of competition, it is necessary for the existing industrial units to modernize themselves to be able to compete with cheaper imports and also … 1 crore) on investment in eligible machinery. Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs; Agriclinic and Agribusiness Centres Scheme; National Livestock Mission ; GSS – Ensuring End Use of Subsidy Released; Interest Subvention Scheme; New Agricultural Marketing Infrastructure; Formulation of Special Long Term Refinance Schemes; National Livestock Mission. The scheme is being implemented by the Department of Agriculture & Cooperation through National Centre of Organic Farming (NCOF) in collaboration with NABARD or NCDC. A common question of litigation over a period of time has been that whether receipt of subsidy in the hands of an Assessee is taxable as income or not under the … 10.00 crore to subsidize … The CIS of the state is more attractive in that the rate of subsidy is 30% subject to a limit of Rs. CIT (A) also upheld the addition of … Credit linked Capital Subsidy scheme. The issues arise in return for the Assessment Year 2009-10. The package has been further … Interest Subsidy on Working capital @ 3% to 5%. The CLCSS helps small-scale industries upgrade their equipment and plant machinery by offering capital subsidies on purchase of machinery. He said that all transaction in respect of the cost of plant and machinery/project must be made through ‘A/c … Under the Capital Investment Subsidy Scheme, Eco Tourism Units would also receive subsidy on building. of India thro’ Office of the Textile Commissioner, Mumbai; Old TUFS: TUFS introduced in 1999 and was in vogue till … Key Features of the CLCSS. "Capital Investment Subsidy Scheme for Construction/ ... NHB has introduced a system for online filing of applications for Letter of Intent (LOI) on its website www.nhb.gov.in . The interest subsidy will be limited to term loans up to Rs. 22.11.2016 and now the interest subsidy will be available only on term loans of 5-10 years maturity taken to finance capital expenditure on setting up of industrial units or for capital expansion on substantial upgradation/ modernization. Objectives Main objectives of the scheme are • To promote organic farming in … Capital Investment Subsidy (CIS) under state’s incentive package shall be extended to these blocks. The latest amendments in the policy were introduced in September 2019. Besides the existing manufacturing and service sectors, the government is promoting investments in social sectors like education, health, skills and more. 5 Crores then as per the scheme it will be eligible to subsidy of 40% on such investment amounting to Rs.2 Crore which will be awarded over a period of 7 years (i.e 28.57 lakhs per year) in form of refund of Gross GST payable on sales made by the enterprise. For such a family, the government may well have a negative return on its educational subsidies. TIIC is the Nodal Agency for … The measure aims to boost capital investment, fast-track projects and create jobs . Get Loan/Subsidy; Get Subsidy; Capital Grant Scheme; Capital Grant Scheme. Credit Linked Capital Subsidy Scheme (CLCSS) for Technology upgradtion of SME's of Ministry of Micro Small Medium Entrepreneurs. The validity period of ... Based on the Taluka the investment, Incentive bracket and period of incentive varies. ATUFS has been introduced by MoT for textiles and jute industry to facilitate induction of state-of-the- art technology by the textile units for the implementation period from January 13, 2016 to March 31, 2022. The maximum Capital Investment Subsidy (CIS) for overall investment by an individual entity under ATUFS will be restricted to 30 crore. Industries ( SOFT LOAN 2018-19 ) of Ministry of Micro Small Medium Entrepreneurs family... 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