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Government Of Assam Industries & Commerce

Apply for various incentives under NEIIPP, 2007

North-East Industrial and Investment Promotion Policy (NEIPP), 2007

The North East Industrial and Investment Promotion Policy 2007 of the Government of India have laid down a number of fiscal incentives for investors in North East India. The new policy would be valid for 10 years .The provisions of the NEIIPP, 2007 would provide the requisite incentives as well as an enabling environment to speed up the industrialization of Assam. All new units as well as existing units which go in for substantial expansion, unless otherwise specified and which commence commercial production within the 10 year period from the date of notification ofNEIIPP, 2007 will be eligible for incentives for a period of ten years from the date of commencement of commercial production. . NEIIPP is in implementation w.e.f 1/4/2007 to 31/3/2017.

The highlights of the incentives for all industrial units, new as well as existing units on their substantial expansion, located anywhere in the North East are:

  • Central Excise Duty Exemption for 10 years.
  • 100% Income Tax Exemption for 10 years.
  • Capital Investment subsidy in plant and machinery @ 30%. without any upper limit of investment.
  • Interest subsidy @ 3% on working capital loan for a maximum period of 10 years from the date of commencement of production.
  • Comprehensive insurance – reimbursement of 100% insurance premium for 10 years.
  • Incentives package also available for the service sector – hotels, nursing homes, vocational training institutes, etc.
  • Incentives for bio-technological industry as applicable to other industries.
  • Incentives for power generating industries – incentives under Sec. 81(A) of Income Tax Act to continue. Power generating plants (all types) up to 10 MW will be eligible for capital investment subsidy, interest subsidy and comprehensive insurance.
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