IndustrialPromotionPolicyFiscalIncentivesDepartmentof工业促进policy财政激励系.pptx

Contentswww.pbindustries.gov.inPunjab Fiscal Incentives-20131.Introduction2.Incentives for Manufacturing Sector Units.3.Incentives for Integrated Textile Units.4.Incentives for Agro/Food processing Industries5.Incentives for Electronic Hardware and IT industry 6.Way forward1.Introductionwww.pbindustries.gov.inPunjab Fiscal Incentives-2013Economic Snapshot%Distribution of GSDP 1.Introductionwww.pbindustries.gov.inPunjab Fiscal Incentives-2013Fiscal Incentives will:-Enable Secondary and Tertiary sector contribution in CAGR.Enhance the industrial contribution toward state CAGR(95%of the total industrial units are small and medium category)Over all development of State by providing incentives in zonesLess developed zone/Areas will have More IncentivesMore Developed zones/Areas will have Less incentives.1.Introductionwww.pbindustries.gov.inPunjab Fiscal Incentives -2013 Liberal incentives for all sectorsManufacturing sectors Integrated Textile unitsAgro and Food Processing sectorsElectronic Hardware and Information Technology sectors2.Incentives for Manufacturing Sectorswww.pbindustries.gov.inPunjab Fiscal Incentives-2013Zone IFazilka,Ferozepur,Tarn Taran,Amritsar,Gurdaspur,Pathankot,Hoshiarpur,Sangrur,Barnala,Mansa,Bathinda,Sri Muktsar Sahib and Faridkot.All approved Industrial Parks,Industrial Focal Points and Industrial Estates in all districts of the State.Zone IIPatiala,Fatehgarh Sahib,Ludhiana,Moga,Jalandhar,Kapurthala,Shaheed Bhagat Singh Nagar(Nawanshahr),Rupnagar and Ajitgarh(Mohali).2.Incentives for Manufacturing SectorsPunjab Fiscal Incentives-2013Eligible AreaFCI Rs.1.0cr to Rs.10crFCI aboveRs.10cr to below Rs.25crFCIRs.25cr to below Rs.100crFCIRs.100cr to below Rs.500crFCIRs.500cr and aboveEDSDPTZone I50%VAT+75%CST(*only in IFPs.)50%VAT+75%CST60%VAT+75%CST70%VAT+75%CST80%VAT+75%CST100%100%100%Maximum cumulative quantum of incentive50%of FCI50%of FCI60%of FCI70%of FCI80%of FCI100%of FCIN.A.N.A.Zone IINil25%VAT+50%CST30%VAT+50%CST35%VAT+50%CST40%VAT+50%CST50%50%50%Maximum cumulative quantum of incentiveNil25%of FCI30%of FCI35%of FCI40%of FCI50%of FCIN.A.N.A.Eligibility from date of application in7 Yr8Yr10Yr11Yr13Yr3.Incentives for Integrated Textile Units.www.pbindustries.gov.inPunjab Fiscal Incentives-2013uRetention of VAT and CST uElectricity Duty IncentiveuStamp duty IncentiveuProperty Tax IncentiveuMarket Fee/Rural Development Fund/Infrastructure Development Cess Incentivewww.pbindustries.gov.inPunjab Fiscal Incentives-2013Mandi Fee,RDF,ID Cess Incentives on Basmati,Maize,Wheat Fruits and Vegetable allowed on purchases made within the State for processing4.Incentives for Agro/Food Processing IndustriesFCI(Rs 1 Cr to Rs25 Cr)FCI(Rs 25 Cr to=Rs 100 Cr)Electricity DutyStamp DutyProperty Tax80%VAT+75%CST85%VAT+80%CST90%VAT+85%CST100%100%100%Ceiling quantum of FCI80%85%90%100%Period10 Yr10 Yr12 Yr10 to 12 Yr as per range of investmentOne time10 to 12 Yr as per range of investmentwww.pbindustries.gov.inPunjab Fiscal Incentives-2013IT/ITeS/Knowledge Industry(In the Districts of Mohali and Amritsar only with min.investment of Rs 1 Cr)VAT incentives Power related Incentives Stamp duty IncentivesProperty Tax IncentivesExemption from PPCBExemption from inspection under labour laws Exemption from PAPRAIncentives related to Housing and Urban Development.5.Incentives for Electronic Hardware and Information Technology unitswww.pbindustries.gov.inPunjab Fiscal Incentives-2013ii.Electronic Hardware manufacturing industry(Min Investment Rs 5 Cr)VAT incentives Power related IncentivesStamp duty IncentivesProperty Tax IncentivesExemption from PPCBExemption from inspection under labour laws Exemption from PAPRAIncentives related to Housing and Urban Development.5.Incentives for Electronic Hardware and IT industry www.pbindustries.gov.inPunjab Fiscal Incentives-2013ii.Electronic Hardware manufacturing industryPreferential Market Access(PMA)Special incentive for Semi-Conductor Wafer FAB.5.Incentives for Electronic Hardware and IT industry Contd.www.pbindustries.gov.inPunjab Fiscal Incentives-20136.Way ForwardFacilitation Measures:-For the ease of doing business in the state,Approval to be accorded in accordance with following major stepsi.Simplify procedures and documents.ii.Transparent work flows iii.Online application and approval iv.Self attestation of documentsv.Third party certification of building plans,stability,safety etc.vi.Payment gateway for online payments www.pbindustries.gov.inPunjab Fiscal Incentives-20136.Way Forward(contd.).Steps already taken PPCB:Simplified Consent Management for investors:Online consent Management with online payment facilityCommon application form for industry Exemption from Site clearance u/s 41(A)of the Factories Act,1948 for industries set up in designated/approved areas.Thank you14