Subsidy/Incentives for Medium / Large / Mega Industries.
Back Ended Capital Subsidy, Environmental Protection Infrastructure Subsidy and Soft Loan / Investment Promotion Subsidy:
|Additional Capital Subsidy||
|Soft Loan / Investment Promotion Subsidy for Net output VAT + CST paid to the Government||
Depending upon the location of the unit, Soft Loan / Investment Promotion subsidy will be given for 10 years from the date of commencement of commercial production with a ceiling of 100% of investment made in Eligible Fixed Assets within the investment period.
List of enclosures (whichever is applicable) to be submitted:
(all copies shall be duly attested by the Statutory Auditors/Chartered Accountant of the company/Chartered Engineer)
☛ MSME/ SIA Acknowledgement /ROC/Company Identification Number
☛ Partnership Deed and Firm Registration Certificate
☛ Memorandum & Articles of Association and Date of Incorporation Certificate.
☛ Sale deed/lease deed executed for the factory premises
☛ Building plan approval
☛ Industrial License as applicable
☛ TNPCB Clearance
☛ Invoices of the plant and machinery (imported & indigenous)
☛ T&C of term loan/working capital loan sanction, if any, extended by Bank/Financial Institution
☛ Certificate from Company’s Statutory Auditor / Chartered Accountant for the amount spent in Land, Building and Plant & Machinery.
☛ Chartered Engineer’s Certificate for the investment made in Land, Building and plant and machinery.
☛ The date of commencement of commercial production for the new/expansion project duly certified Statutory Auditors / Chartered Accountant.
☛ First invoice raised along with certificate given by the Statutory Auditors / Chartered Accountant.
☛ Last 3 years Audited Balance Sheet and Profit and Loss Account along with the schedules
☛ The certificate issued by Statutory Auditor / Chartered Accountant for the employment of the direct workers.
☛ The documents for imported machinery such as copy of Letter of Credit, Bill of Entry, Bill of Lading, duty and details of clearing charges paid etc.
☛ Details of payments made to all vendors / suppliers / contractors for having settled in full and no vendor liability for the Eligible Fixed Assets.
- Chartered Engineers who are duly approved by the Institution of Engineers of India and enrolled as Panel Valuers with Income Tax Department / Nationalised Banks / Public Sector Insurance Companies will be eligible to give certificates.
- Practicing members of the Institute of Chartered Accountants of India will be eligible to give certificates.
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