North East Industrial and Investment Promotion Policy (NEIIPP) has been announced to promote industrialization in the States of North Eastern Region. Its salient features are:
Which of the above statements is/are correct?
North East Industrial and Investment Promotion Policy (NEIIPP) has been announced to promote industrialization in the States of North Eastern Region. Its salient features are:
Which of the above statements is/are correct?
The correct option is D All of these
North East Industrial and Investment Promotion Policy (NEIIPP)
To promote industrialization in the States of North Eastern Region leading to overall growth of the region, the Government announced a package of fiscal incentives, namely the North East Industrial and Investment Promotion Policy (NEIIPP), 2007 for a period of 10 years.
Salient features:
(i) Central Capital Investment Subsidy @ 30% of investment in Plant and Machinery, (ii) Central Interest Subsidy @ 3% of working capital loan availed for a period of 10 years from the date of commencement of commercial production (DOCP), (iii) reimbursement of insurance premium paid towards insurance of fixed capital assets for a period of 10 years from DOCP, (iv) Excise Duty exemptions for a period of 10 years from DOCP and (v) Income Tax exemption for a period of 10 years from DOCP.
All of these
North East Industrial and Investment Promotion Policy (NEIIPP)
To promote industrialization in the States of North Eastern Region leading to overall growth of the region, the Government announced a package of fiscal incentives, namely the North East Industrial and Investment Promotion Policy (NEIIPP), 2007 for a period of 10 years.
Salient features:
(i) Central Capital Investment Subsidy @ 30% of investment in Plant and Machinery, (ii) Central Interest Subsidy @ 3% of working capital loan availed for a period of 10 years from the date of commencement of commercial production (DOCP), (iii) reimbursement of insurance premium paid towards insurance of fixed capital assets for a period of 10 years from DOCP, (iv) Excise Duty exemptions for a period of 10 years from DOCP and (v) Income Tax exemption for a period of 10 years from DOCP.
