punjab fiscal incentives - 2013 industrial promotion policy, 2013 fiscal incentives 1 department of...
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Punjab Fiscal Incentives - 2013
Industrial Promotion Policy, 2013
FISCAL INCENTIVES
1Department of Industries and Commerce, Government of Punjab
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Contents
www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
1.Introduction
2.Incentives for Manufacturing Sector Units.
3.Incentives for Integrated Textile Units.
4.Incentives for Agro / Food processing Industries
5.Incentives for Electronic Hardware and IT industry
6.Way forward
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1. Introduction
www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
Economic Snapshot –% Distribution of GSDP
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1. Introduction
www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
Fiscal 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 zones
• Less developed zone/ Areas will have – More Incentives
• More Developed zones/ Areas will have – Less incentives.
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1. Introduction
www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
Liberal incentives for all sectors
►Manufacturing sectors
►Integrated Textile units
►Agro and Food Processing sectors
►Electronic Hardware and Information Technology sectors
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2. Incentives for Manufacturing Sectors
www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
Zone I
Fazilka, 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 II
Patiala, Fatehgarh Sahib, Ludhiana, Moga, Jalandhar, Kapurthala, Shaheed Bhagat Singh Nagar (Nawanshahr), Rupnagar and Ajitgarh(Mohali).
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2. Incentives for Manufacturing Sectors Punjab Fiscal Incentives - 2013
Eligible Area FCI Rs. 1.0cr to Rs. 10cr
FCI aboveRs.10cr to below Rs. 25cr
FCIRs.25cr to below Rs. 100cr
FCIRs.100cr to below Rs. 500cr
FCIRs.500cr and above
ED SD PT
Zone I50%VAT+ 75% CST(*only in IFPs.)
50% VAT+
75% CST
60% VAT +75% CST
70%VAT +75%CST
80%VAT +75%CST
100% 100% 100%
Maximum cumulative quantum of incentive
50% of FCI 50% of FCI
60% of FCI
70% of FCI 80% of FCI 100% of FCI
N.A. N.A.
Zone IINil 25%
VAT+ 50% CST
30% VAT+
50% CST
35% VAT+ 50% CST
40% VAT+ 50% CST
50% 50% 50%
Maximum cumulative quantum of incentive
Nil 25% of FCI
30% of FCI
35% of FCI 40% of FCI 50% of FCI
N.A. N.A.
Eligibility from date of application in
7 Yr 8Yr 10Yr 11Yr 13Yr
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3. Incentives for Integrated Textile Units.
www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
Retention of VAT and CST
Electricity Duty Incentive
Stamp duty Incentive
Property Tax Incentive
Market Fee/ Rural Development Fund/ Infrastructure Development
Cess Incentive
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www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
► Mandi Fee, RDF, ID Cess Incentives on Basmati, Maize, Wheat Fruits and Vegetable allowed on purchases made within the State for processing
4. Incentives for Agro / Food Processing Industries
FCI(Rs 1 Cr to < Rs25 Cr)
FCI(Rs 25 Cr to < Rs 100 Cr)
FCI ( >= Rs 100 Cr)
Electricity Duty
Stamp Duty
Property Tax
80% VAT + 75 % CST
85% VAT + 80 % CST
90 % VAT + 85 % CST
100% 100% 100%
Ceiling quantum of FCI
80% 85% 90% 100%
Period 10 Yr 10 Yr 12 Yr 10 to 12 Yr as per range of investment
One time 10 to 12 Yr as per range of investment
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www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
IT/ 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 Incentives
► Property Tax Incentives
► Exemption from PPCB
► Exemption from inspection under labour laws
► Exemption from PAPRA
► Incentives related to Housing and Urban Development
.
5. Incentives for Electronic Hardware and Information Technology units
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Microsoft Office PowerPoint Presentation
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www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
ii. Electronic Hardware manufacturing industry ( Min Investment Rs 5 Cr)
► VAT incentives
► Power related Incentives
► Stamp duty Incentives
► Property Tax Incentives
► Exemption from PPCB
► Exemption from inspection under labour laws
► Exemption from PAPRA
► Incentives related to Housing and Urban Development
.
5. Incentives for Electronic Hardware and IT industry
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www.pbindustries.gov.in
Punjab Fiscal Incentives - 2013
ii. Electronic Hardware manufacturing industry
► Preferential Market Access (PMA)
► Special incentive for Semi- Conductor Wafer FAB
.
.
5. Incentives for Electronic Hardware and IT industry
Contd.
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www.pbindustries.gov.in
Punjab Fiscal Incentives - 20136. Way Forward
► Facilitation Measures:-
For the ease of doing business in the state, Approval to be accorded in accordance with following major steps
i. Simplify procedures and documents.
ii. Transparent work flows
iii. Online application and approval
iv. Self attestation of documents
v. Third party certification of building plans, stability, safety etc.
vi. Payment gateway for online payments
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www.pbindustries.gov.in
Punjab Fiscal Incentives- 20136. Way Forward ( contd.)
.Steps already taken
►PPCB : Simplified Consent Management for investors:
•Online consent Management with online payment facility
•Common 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.
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Thank you
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