hill industrial policy 2008
DESCRIPTION
This is the presentation on Hill Industrial Policy 2008 of Uttarakhand State. This presentation was presented in a Workshop organized by Chartered Accountants Society, Rishikesh and Industries Association of Uttarakhand at Rishikesh on 13th June 2009. The workshop was headed by Hon'ble Addl. Director of Industries, Uttarakhand.TRANSCRIPT
![Page 1: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/1.jpg)
Special Integrated Industrial
Promotion Policy – 2008for Hilly & Remote Areas of Uttrakhand
CharteredAccountants Society
R I S H I K E S H
Industries
Association of
Uttarakhand
![Page 2: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/2.jpg)
![Page 3: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/3.jpg)
Non-polluting manufacturing
industries under
Green and Orange
1.
Green and Orange
Categories.(Classification as per Ministry of Environment & Forests, Government
of India)
![Page 4: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/4.jpg)
Activities notified by
Central Government as
Thrust Sector Industries
2.
Thrust Sector Industriesunder Special package for the state
![Page 5: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/5.jpg)
Activities recognized by State
Government as Industry such as
Tourism activities
3.
Government as such as
Tourism activities etc.
![Page 6: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/6.jpg)
Following service sector and other sector activities covered under Special
Industrial Package -2007 for North-East States.
� Hotels, Adventurous and recreational sports and
Rope-way.
� Nursing Homes equipped with Medical and
4.
� Nursing Homes equipped with Medical and
Health Facilities.
� Vocational Training Institutes such as Hotel
Management, Catering and Food Craft,
Entrepreneurship Development Training, Nursing
and Paramedical, Training related to Civil Aviation,
Fashion Designing and Industrial and Skill
Development Training.
![Page 7: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/7.jpg)
Bio-Technology Industry
5.
6.
Protected
Agriculture/Poly House, Cold Storage Activities
6.
![Page 8: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/8.jpg)
Petrol & Diesel pumping Station and Gas Godown
7.
![Page 9: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/9.jpg)
![Page 10: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/10.jpg)
![Page 11: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/11.jpg)
![Page 12: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/12.jpg)
Residents of the state will
get all the benefits of
Category A irrespective Category A irrespective
of fact whether the unit is set-up in Category A or B
![Page 13: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/13.jpg)
10 Years From 1st April 2008 to 31st March 2018
![Page 14: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/14.jpg)
![Page 15: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/15.jpg)
� Newly Set-up Unit
� Set-up after 1st April 2008
� Registered with DIC/Filed IEM with GOI
![Page 16: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/16.jpg)
![Page 17: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/17.jpg)
Full Exemption from Stamp Duty
on
-Lease Deed on taking land on lease or
on on
- Sale Deed on purchasing land
in Industrial Areas developed by
State Govt. / Private Enterprenuers
![Page 18: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/18.jpg)
Full Exemption from Stamp Duty
on
Sale Deed on purchasing land Sale Deed on purchasing land
outside Industrial Areas
![Page 19: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/19.jpg)
Promoting Co-operative Societies
for maintenance of Industrial Areas
� Co-operative Society formed by Industrialists
� State Govt. will give Grant in Aid in ratio of Capital � State Govt. will give Grant in Aid in ratio of Capital
Contribution (5 times of member contribution,
maximum of Rs. 15 Lacs)
�Money to be kept in FDRs, Intt. used for maintenance
![Page 20: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/20.jpg)
Promoting Private Industrial Areas
�Minimum Land Required 2 acres.
� Grant in aid of 50% of Total Expenditure on � Grant in aid of 50% of Total Expenditure on
Infrastructure Facilities (maximum of Rs. 50 Lacs)
![Page 21: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/21.jpg)
![Page 22: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/22.jpg)
Investment eligible for Capital Investment Subsidy
Investment in
� Workshop Building
� Plant
� Machinery� Equipments
![Page 23: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/23.jpg)
Amount of Subsidy
Category A : 25 % of Eligible Investment
(maximum Rs. 30 Lacs)(maximum Rs. 30 Lacs)
Category B :20 % of Eligible Investment
(maximum Rs. 25 Lacs)
![Page 24: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/24.jpg)
![Page 25: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/25.jpg)
Subsidy on Interest paid on Loans to Banks/Financial Institutions
Category A : Up to 6 % of Normal rate of
Interest Interest (maximum Rs. 5 Lacs per unit per year)
Category B : Up to 5 % of Normal rate of
Interest (maximum Rs. 3 Lacs per unit per year)
![Page 26: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/26.jpg)
![Page 27: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/27.jpg)
For approved activities 10 year 100% exemption may be given from
Electricity Bill of :
�Manufacturing Process in case of
Manufacturing unitsManufacturing units
� Office and Service units in case of Service Sector
![Page 28: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/28.jpg)
Not Eligible:
� Hotels/Motels
� Resorts
� Guest House
� Steel Rolling Mills� Steel Rolling Mills
� Electric Furnace
� Other units consuming excess electricity
![Page 29: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/29.jpg)
Preference will be given to:
� Industries based on
� Fruits Conservation
� Herbs� Herbs
� Local Products
� Non-polluting Industries
![Page 30: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/30.jpg)
![Page 31: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/31.jpg)
VAT on sale of manufactured goods
will be reimbursed to manufacturing
units
Category A : 90 % of Total VAT Payable90 % of Total VAT Payable
Category B : 75 % of Total VAT Payable
![Page 32: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/32.jpg)
![Page 33: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/33.jpg)
Category A : 5 % of Annual Turnover (Maximum 5 Lac)
Category B : 3% of Annual Turnover (Maximum 3 Lac)
* Annual Turnover to be verified from VAT Return
![Page 34: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/34.jpg)
![Page 35: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/35.jpg)
75% of expense on:
� ISO Certification
� ISI Certification
� Quality Marking
� BIS� BIS
� FPO License
� Trademark
� Patent� Copyright registration
* Maximum of Rs. 1 Lac
![Page 36: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/36.jpg)
![Page 37: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/37.jpg)
Total Subsidy/Assistance under
Scheme not to exceed:
�60 % of Total Capital Investment in the
unit
oror
�Maximum of Rs. 60 Lacs
![Page 38: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/38.jpg)
![Page 39: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/39.jpg)
Major Capital Cost met by StateMajor Capital Cost met by StateMajor Capital Cost met by StateMajor Capital Cost met by State
•Subsidy on Investment in Plant and Machinery:
�25 % of Investment under Hill Policy
�15 % of Investment under Industrial Package
oSo he has to bear only 60% of Cost of Plant and
Machinery
•50% cost of Infrastructures met by State
(in case of mega projects)
•75% Expenses on Intellectual Property reimbursed by State
•Stamp Duty on Land Purchase/Lease waived
![Page 40: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/40.jpg)
Major Running Exp. met by StateMajor Running Exp. met by StateMajor Running Exp. met by StateMajor Running Exp. met by State
•Transport Expenses reimbursed by State
•100% Electric Expenses Waiver
•At current rates, half of Interest Expense borne by State•At current rates, half of Interest Expense borne by State
![Page 41: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/41.jpg)
Making it a NoMaking it a NoMaking it a NoMaking it a No----Tax Regime, a Tax HeavenTax Regime, a Tax HeavenTax Regime, a Tax HeavenTax Regime, a Tax Heaven
•100% Income Tax Holiday under section 80IC
�33 % of Profits are saved
(MAT will be payable)
•100% Excise Duty Exemption•100% Excise Duty Exemption
•90 % VAT payback
![Page 42: Hill Industrial Policy 2008](https://reader034.vdocument.in/reader034/viewer/2022042813/54668472b4af9f012b8b4921/html5/thumbnails/42.jpg)