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State
Govt. Incentive
Federal
Govt. Incentive
If
you are already convinced that your company is going to save
money and at the same time increase the productivity by moving
your operation to India, we will help you to OUTLOCATE your
company in India.
State
Govt. Incentive:
- Capital
Subsidy at a rate of 25% for Eligible new IT units on total
eligible capital investment.
- Special
Incentives in the form of Capital subsidy to large units
on a graduated scale.
- IT
units would be eligible to a Turnover Incentive at a rate
of 5% of the eligible annual turnover
- Sales
Tax holiday on all IT Software for the next 5 years.
- Incidence
of Sales Tax on Computer Hardware, Peripherals would be
reduced.
- A
special Connectivity Incentive where Government would subsidize
leased line rental up to 500 Kms., to an extent of 50% of
the lease rentals.
- IT
units would be completely exempted from power-cuts.
- A
new Commissioner of IT for administering this Scheme.
- A
State Level Committee to interpret and decide the decisions
regarding incentives.
- All
new IT Industry units would be exempted for payment of Electricity
duty for the period of 5 years.
- All
new IT services and IT software will not have to seek NOC
from Gujarat Pollution Control Board.
- 50%
increase will be allowed over prescribed FSI.
- Stamp
duty exemption
- GIIC
and GSFC will provide Line of credit to eligible IT units
in the State.
Federal
Govt. Incentive:
- Approvals
are given under single window clearance mechanism.
- An
STP project may be set up anywhere in India.
- Jurisdictional
Director STPI would clear projects costing less than Rs.
100 million Investment.
- 100%
Foreign equity is permitted and are approved under the Automatic
Route delegated powers to The Director STPI.
- All
the imports of Hardware & Software in the STP units
are completely duty free. Import of second hand capital
goods are also permitted.
- The
Export Obligation on the STP units on Net Foreign Exchange
terms in value is as follows.
- Simplified
Minimum Export Performance norms i.e., US$ 0.25 million
or 5 times CIF Value of imported goods whichever is higher
& 20% Net Foreign Exchange Earnings against Export Earnings.
- Use
of computer system for commercial training purposes is permissible
subject to the condition that no computer terminals are
installed outside the STP premises.
- The
sales in the Domestic Tariff Area (DTA) shall be permissible
upto 50% of the export in value terms.
- STP
units are exempted from payment of corporate income tax
upto 2010.
- The
capital goods purchased from the Domestic Tariff Area (DTA)
are entitled for the benefits like levy of Excise Duty &
Reimbursement of Central Sales Tax (CST).
- Capital
invested by Foreign Entrepreneurs Know - How Fees, Royalty,
Dividend etc., can freely be repatriated after payment of
Income Taxes due on them.
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