| |
|
|
Benefits
available for "In-house R&D Centres"
of companies are -. |
| |
| C150%
of the total expenditure whether Revenue
or
Capital in nature Weighted Deduction in Income
Tax for 3 years & more. |
| |
| CDuty
free import of specified goods (Analytical &
specialty equipments) |
| |
| CCommercial
R&D companies eligible for 10yrs. tax holiday |
| |
| COther
Benefits – Excise duty waiver for 3 yrs.,Custom
& Excise duty
exemption, state subsidy etc |
| |
| Financial
and other incentives To R & D Centre |
| |
| Write
off of revenue expenditure on R&D
; |
| |
Write
off of capital expenditure on R&D
in
the year theexpenditure
incurred; |
| |
Weighted
tax deduction of 125% to the sponsor
of
sponsored research
programmes in universities, IIT’s
and approved
national
laboratories. |
| |
Weighted
tax deduction @ 150% on R&D expenditure
incurred in the approved in-house R&D centre
of All manufacturing companies minus small negative list |
| |
The
Ministries/ Govt. Depts. involved in giving
approvals are: |
| |
|
|
|
- Ministry
of Science and Technology
|
- Ministry
of Heavy Industries
|
- Ministry
of Shipping, Road Transport and Highways
|
- Ministry
of Small Scale Industries
|
- Ministry
of Statistics and Programme Implementation
|
|
|
- Department
of Industrial Development
|
- Department
of Electronics
|
- Department
of Telecommunication
|
- Department
of Bio-Technology
|
- Indian
Council of Agriculture Research
|
- Council
of Scientific & Industrial Research
|
- Indian
Council of Medical Research
|
- Defence
Research & Development Organisation
|
- Department
of Atomic Energy
|
|
| |
| |
| Income
tax exemption @ 125% to Donations made
to approved Scientific and Industrial Research
Organisations |
| |
Accelerated
depreciation allowance for investment
on plant and machinery made on the basis of
indigenous technology. |
| |
Customs
duty exemption to public funded R&D
institutions and privately funded scientific
and industrial research organisations, both
for capital equipment and consumables needed
for R&D |
| |
Excise
duty exemption to duty exemption for
3 years on goods designed and developed
by a wholly owned Indian company subject to certain rules and regulations |
| |
Exemption
from customs duty on imports made by
industry for R&D projects. |
| |
Exemption
from price Control of Drugs (Prices
Control) Order for drugs, which have been developed
indigenously or produced through a process,
developed through indigenous R&D. |
| |
Pharmaceutical
reference standards are allowed to be
imported duty free. |
| |
Goods
specified in List 28 (Comprising
of analytical and specialty equipment)for use
in |
| |
| pharmaceutical
and biotechnology sector are allowed to be imported
duty free meeting certain condition |
| |
| Supports
in the form of Grants for industrial
R&D projects. |
| |
Support
in the form of loans/Grants
for industrial R&D. Support to industry
for R & D through sector specific programmes
of scientific and economic ministries. |
| |
| Association
of industry with the national R&D
programmes in area of Atomic Energy Space and
Defence research. |
| |
Promotion
of technology transfer from national
laboratories and nationally funded R&D Programmers
to industry through public sector organisations.
|
| |
Financial
support to meet the developmental expenditure
for - |
| |
| CR&D
Project for development of a new/improved product |
| C R&D
Project for development of a new/improved process |
| C R&D
Project for development of Capital Goods
for
Indian/Export market |
| C R&D
Project for absorption of imported technology |
| with
know-how studies |
| |
| |
| |
|
|
|
