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Economic Relief to Commerce and Industry Sectors

News and Press Release - Dated:- 3-3-2016 - Economic relief is being provided to the industry and commerce sector in the form of special tax rates, exemptions, rebates, deductions, deferrals, credits etc. Relief to industries from direct tax is provided through measures like accelerated depreciation, deduction /weighted deduction for expenditure on scientific research, on schemes for the social and economic uplift of the public, to charitable trusts and institutions, for undertakings engaged in .....

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e, employment of new workmen, offshore banking units etc. Relief is also provided for industrial undertakings located in Jammu & Kashmir, North Eastern States, Sikkim, Uttaranchal, Himachal Pradesh and other industrially backward districts. Excise and custom duty relief is provided to all major industrial sectors including crude oil, machinery, edible oils, diamond & gold, primary metals, chemical, plastics, textiles, fertilizers etc among others. Various export promotion schemes includi .....

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