Investment Incentives in Assam
In tune with the Industrial Policy resolutions, 1997, of Government of Assam, the state Government has formulated a package of incentives for promotion and setting up industrial units in the State.
Period of Validity
The new package of incentives, herein referred to as "1997 Incentive Scheme", shall become effective from 1.4.97 and remain in operation for a period of five years or till such time as the Government may consider fit and proper. The Government also reserves the right to make any amendments to the scheme.
Effective Date
Effective date for the 1997 incentive Scheme shall be 1.4.97 and from that date the 1991 Incentive Scheme under the Industrial Policy 1991 resolution will cease to be operative unless otherwise provided for.
The industrial units which are already availing incentives under 1991 Policy against Eligibility Certificate under the said scheme shall continue to be governed by the 1991 incentive scheme. Such units shall be defined as 1991 continuing industries. However, no application for issue of Eligibility Certificate under 1991 policy shall be accepted after 1.9.97 and no further Eligibility Certificate shall be issued to any unit under 1991 scheme after 31.3.98.
Eligibility
All industries except those at schedule-I shall be entitled to assistance under the 1997 incentive scheme.
Incentives under 1997 scheme shall be available to eligible units in the Private Sector, Assisted Sector, Joint Sector, State Public Sector and the Co-operative Sector. Central Public Sector Undertakings shall not be eligible for any incentives under the schemes.
All New units as well as Existing units undergoinq Expansion/ Diversification/ Modernisation, Export Oriented Units shall be eligible for the 1997 Incentives Scheme.
Relief Undertaking/Sick units shall be eligible for the incentives under 1997 incentive scheme for a maximum period of 3 (three) years. If any unit has already availed benefit of incentives for certain period under any previous Industrial Policies of the State Government as Relief Undertaking/Sick total period of 3 years for such unit will stand reduced by the period for which benefit as relief undertaking/ sick unit has already been availed under previous policies.
The unit undergoing expansion/diversification/modernisation shall be eligible for incentives only for the additional investment made i.e. for the expanded/diversified/modernised portion of the existing unit.
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