Industrial Incentive Policy 2006

SALIENT FEATURES OF NEW INDUSTRIAL INCENTIVE POLICY- 2006  Bihar
 

  • Incentive granted on land/shed in Industrial Area/Industrial Park etc.
  • Corpus fund creation for sick & closed units.
  • Exemption from annual minimum guarantee/monthly minimum guarantee.
  • CST reduced to only 1% for small & medium industries.
  • 100% exemption granted.
    • From luxury tax for 7 years
    • From electricity duty for 7 years
    • Conversion charges.
    • Market fee.
  • VAT reimbursement @80 of the deposited amount for a period of 10 years with a ceiling of 300% of the capital investment.
  • Provisions for incentive even in zero VAT cases.
  • Reimbursement of 50% of the amount spent on plant & machinery for captive power generation.
  • 25% of the VAT reimbursement for the existing units.
  • Exemption from electricity duty for new units.
  • Exemption from stamp duty and registration fee on land transfer.