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6. Fiscal
Incentives and Concessions
Industrial units in
Bio-technology sector shall be eligible to get incentives
under West Bengal Incentive Scheme 2000. The salient feature
of the Scheme are given below:
6.1.
Applicability of the 2000-Scheme:
The 2000 Scheme shall
generally be applicable to all large, medium, cottage and
small scale projects to be set up and also to expansion
projects of existing units on or after the 1st January 2000.
The units may be in the private sector, co-operative sector
joint sector as also companies/undertakings owned or managed
by the State Govenment.
6.2.
Eligibility criteria for incentives under the 2000-Scheme:
6.2.1.
Any industrial project in the large and medium sector
to which this scheme applies, shall be eligible for securing
an eligibility certificate provided:
(a)
the project is covered by a detailed feasibility
report/project report prepared for the purposes.
(b)
the project has been approved and sanctioned by an All
India Financial Institution or a Commercial Bank or a State
Financial Institution, as the case may be. In the case of a
project with arrangements of finance from own resources, issue
of eligibility certificate shall be considered provided the
WBIDC is satisfied about the arrangement of such finance.
6.2.2.
Any industrial unit in the small scale sector shall be
eligible for incentives under this scheme subject to the
fulfilment of the conditions specified below:
i)
The unit in the small scale sector shall be registered
with the District Industries Centre concerned finally or
permanently. Such permanent or final registration must be
valid and remain in force.
However, in respect of subsidy
on investment in plant and machinery the undertaking concerned
may be provisionally or temporarily registered on or after the
1st April 1999 and valid registration to that effect may be
accepted in place of permanent or final registration and the
amount of subsidy shall be judged on the quantum of investment
in plant and machinery as sanctioned and disbursed by the
financial agency concerned.
ii)
Industrial co-operatives, undertakings assisted by
K.V.I.C. or W.B.K.V.I.Board as well as the undertaking set up
under IRDP/SESRU/IUEP/SEEUY and other similar self-employment
schemes receiving benefits in respect of any of the items
specified under this Scheme shall also be eligible to get the
benefit of other items only under this Scheme.
6.2.3.
For the benefit of subsidy for conversion to piped gas
and for gas charges, an existing unit shall require
registration with Greater Calcutta Gas Supply Corporation Ltd.
and also a certificate of expenditure approved by the Greater
Calcutta Gas Supply Corporation.
For the benefit of subsidy for
installation of plant facilities for use of piped gas and for
gas charges, a new unit/an existing unit for its expansion
project shall require registration certificate of Directorate
of Indistries or registration certificate from DIC, as the
case may be, eligibility certificate of WBIDC and a
certificate of expenditure approved by the Greater Calcutta
Gas Supply Corporation Limited.
6.3. Classification
of developed areas and backward areas:
6.3.1 For the purpose of
determination of types and quantum of incentive available
under this Scheme for the approved projects, according to
their location, the State shall be classified in the following
groups:
Group A – Calcutta
Municipal Corporation
Group B –
Howrah, Hooghly, North 24-Paraganas, South 24-Paraganas
excluding the area under the jurisdiction of the Calcutta
Municipal Corporation, Burdwan, Nadia and Midnapore districts.
Group C –
Murshidabad, Birbhum, Purulia, Bankura, Malda, Coochbehar,
North Dinajpur,
South Dinajpur, Jalpaiguri and Darjeeling districts.
6.3.2. No
incentive will be granted to any unit set up in the area under
Group-A except to the extent provided in the Scheme.
6.4. State Capital
Investment Subsidy:
6.4.1. An eligible
Indistrial unit located in Group-B area and set up in the
State on or after the 1st January 2000, will be entitled to
State Capital Investment Subsidy @ 15% of the Fixed Capital
Investment subject to a limit of Rs. 150.00 lakhs.
6.4.2. An
eligible industrial unit located in a Group-C area and set up
in the State on or after the 1st January 2000, will be
entitled to State Capital Investment Subsidy @ 25% of the
Fixed Capital Investment subject to a limit of Rs.250.00 lakhs.
6.5.
Interest Subsidy
:
6.5.1 An eligible
industrial unit for its approved project will be entitled to
Interest Subsidy to the extent of 50% of the annual interest
liability on the loan borrowed from a Commcercial
Bank/Financial Institution/NBFC approved by Reserve Bank of
India, for implementation of the approved project, subject to
a limit of Rs.100.00 lakhs per year depending on the location
of the unit a follows:
i)
Group-B area : 5 years
ii)
Group-C area : 7 years
6.5.2
The Interest Subsidy will be payable annually subject to
submission of a statement/certificate by the lending
Banks/Financial Institutions/NBFC so as that the unit has paid
the due interest to the institutions on the due dates.
6.6 Waiver of Electricity Duty :
An eligible unit for its approved project will be entitled to
waiver of electrticity duty on the electricity consumed for
its production/operation activity for a period of 5 years from
the date of commercial production/operation.
6.7. Employment Generation Subsidy :
6.7.1 An eligible
industrial unit in the large and medium sector will be
entitled to reimbursement to the extent of 50% of the
expenditure incurred by it for paying its contribution towards
Employees State Insurance (ESI) and Employees Provident Fund (EPF)
depending on the location of the unit as follows :
i) Group-B area : 5 years
iii)
Group-C area : 7 years
6.7.2.
An eligible unit in the Small Scale Sector will be
entitled to reimbursement to the extent of 75% of the
expenditure incurred by it for paying its contribution towards
Employees State Insurance (ESI) and Employees Provident Fund (EPF)
Scheme depending on the location of the unit as follows :
i)
Group-B area : 5 years
ii)
Group-C area : 7 years
6.7.3.
The reimbursement of the expenditure prescribed at sub-para
7.1 and 7.2 above will be payable annually based on minimum
statutory limit subject to the condition that the unit has
paid its contribution towards ESI & EPF on due dates.
6.8.
Remission
of Stamp Duty & Registration Fee
:
6.8.1 An eligible
industrial unit irrespective of its location will be entitled
to exemption from payment of 50% of stamp duty and
registration fee required for the purpose of registration of
documents within the State relating to purchase/acquisition of
land and buildings for setting up of the approved project.
6.8.2
Notwithstanding anything contained anywhere in the Scheme in
the incentive prescribed at para 6.8.1 above shall be
admissible from the date of issue of the notification of this
Scheme.
6.9.
Subsidy for
conversion for use of piped gas
:
6.9.1 An existing unit
irrespective of its location undertaking conversion for use of
piped gas for manufacture/operation on or after the 1st
January 2000 will be eligible to subsidy equal to 75% of the
investment for necessary conversion of furnace etc., subject
to a limit of Rs.10.00 lakhs.
6.9.2 A new unit for its
approved project set up on or after the 1st January 2000
envisaging use of piped gas for manufacture/operation will be
entitled to the benefit prescribed at sub-para 6.9.1 above for
installation of necessary equipments in the units for use of
piped gas.
6.9.3 An existing unit or a
new unit mentioned at sub-para 6.9.1 and 6.9.2 above will be
entitled to subsidy of 20% of gas charges on gas used for
manufacture/operation for a period of 5 years from the date of
commencement of supply of gas for commercial
manufacture/operation of the unit.
6.10.
Subsidy for
Quality Improvement in the Small Scale Sector
:
An eligible industrial unit in
the small scale sector shall be reimbursed 50% of the
expenditure upto a maximum of Rs.5.00 lakhs for installing
pollution control devices and obtaining ISI Certification/ISO
9000 from approved institutions/Research Laboratories.
6.11.
Additional
incentive for industrial units in Bio-technology Sector
:
6.11.1 With effect from
01.07.2001 new units in the area of Bio-technology located
in Group-A area shall be eligible to the same incentives
as are normally admissible to a new unit located in Group-B
area.
6.11.2 With effect from
01.07.2001 new units in the area of Bio-technology located in
Group-B and Group-C areas will be entitled to additional
interest subsidy of 10% of interest liability subject to a
further ceiling of Rs.20.00 lakhs. The total interest subsidy
will be available for an additional period of 2 years in all
such cases.
6.11.3 With effect from
01.07.2001 new units in the area of Bio-technology
irrespective of their location will be entitled to full
exemption from payment of stamp duty and registration fee
required for registration documents relating to
purchase/acquisition of land & buildings for setting up of the
approved project.
Explanation:
The Directorate of Industries should examine the
activities together with the scrutiny where IEM
Acknowledgement of the Article bears NIC code number relating
to bio-technology. Clarification with regard to Bio-technology
will be taken from the Department of Science and Technology,
Govt. of West Bengal, if it is so required.
6.12.
Incentives
for approved expansion project of an existing unit
:
An existing unit for its
approved expansion project will be entitled to all the
incentives mentioned above in this Scheme subject to
fulfilment of the conditions prescribed for the respective
item for a new unit.
6.13. Mega Projects
(Projects with investment of Rs.25 crores or above)
:
Notwithstanding anything
contained anywhere in the Scheme the State Govt. may consider
granting special package of incentives under this Scheme to a
Mega Project having due regard to the characteristics of the
project, case by case basis, in the following areas :
i)
size of investment
ii)
special nature of industry
iii)
employment potentiality
iv)
down-stream effect of the industry
v)
ancillarisation effect of the industry
vi)
export potentiality
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