The Hindu Business Line : Centre extends tax break for new units in 3 States

The Centre has extended the excise duty exemption granted to new industrial units in Himachal Pradesh, Uttaranchal and Sikkim till March 31, 2010, from the previous deadline of March 31, 2007.

The Government issued a notification to this effect on Wednesday.

The major incentives under the industrial package for these three Special Category States, implemented originally in March 2003, include a 10-year income tax holiday and excise duty exemption for new and expanding units.

While the income tax holiday was notified up to March 31, 2013, the excise duty exemption was curtailed up to March 31, 2007, following protests from neighbouring States such as Haryana and Punjab, which feared flight of industry from their states to the Special Category States.

More Stories on : Industrial Policy | Excise and Customs | Other States

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Pvt role likely in uranium mining

Suminfra: `No alternative to public-pvt partnership'

Notification to curb violence, obscenity on cable

`Make him a Minister'

Media happy, not savvy

`Well' named

Centre extends tax break for new units in 3 States

The photo-prop