III . The Telangana Shops & Establishments Act , |
Medium , Large and Mega companies , this |
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1988 |
reimbursement is applicable for a period of 7 |
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IV . The Contract Labour ( Regulation & |
years from the date of commencement of |
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Abolition ) Act , 1970 |
commercial production , limited to the |
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v .
The Payment of Wages Act , 1936 vi . The Minimum Wages Act , 1948
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investment made in plant and machinery . The unit can deposit the tax for the first quarter and reimbursement of net VAT would be credited at |
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vii . The Employment Exchanges ( Compulsory |
the end of the quarter , subject to its adjustment , |
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Notification of Vacancies ) Act , 1959 |
depending upon actual incident of taxation . |
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viii . General permission on similar lines of |
Effectively , it means reimbursement of net VAT |
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IT / ITES Industry for three shift operations wit |
on a quarterly basis and will be applicable for |
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ix . Women working in the night for Electronics |
first 5 years for Micro and Small companies , and |
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Industry . |
first 7 years for Medium , Large and Mega |
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iv . Exemption of Registration , Transfer and Stamp Duty : |
companies . |
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Electronics industry shall be eligible for 100 % reimbursement of the Stamp Duty , Transfer
Duty and Registration Fee paid on sale / lease deeds / mortgages and hypothecations on the first transaction and 50 % thereof on the second transaction . This is not applicable on allocation of Government land .
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ix . Transport Subsidy : Transport subsidy on fuel cost
/ billing and freight ( train ), for the first five years on imports of the parts & components , from the sea port to Telangana plant . Following is the percentage subsidy that shall be offered over 5 years : 1st year – 60 %, 2nd year – 50 %, 3rd year
– 40 %, 4th year – 30 % and 5th year – 20 %.
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v . |
Power Subsidy : a . Electronics industry is classified as industrial units for the purpose of levying the industrial power tariff category . Industrial Power
Category Conversion Certificate is accorded on all the Service Connections ( Power Meter
No .), and exclusively used by the IT industry for their operations , even in multiple locations / meters . The effective date of application of the incentive of Industrial
Power Category tariff , is from the date of issue of the said Certificate by Government .
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x .
Skill upgradation & Training : To provide skill up gradation training in the Electronics sector for required number of candidates and to contribute matching share in the EDF as per Government of India Policy . xi . Investment Subsidy : 20 % Investment Subsidy , up to a maximum of INR 2 Crores , for the first 25 eligible companies in Medium , Large and Mega categories ; up to a maximum of INR 50 Lakhs for the first 50 eligible companies in Micro and
Small categories xiii . Land Cost and Lease
Rentals :
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b . Electronics companies will be permitted to avail renewable energy under open access system from within the state after paying cost component to DISCOMs as fixed by
ERC ( subject to a maximum of one third of
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a . Land shall be made available at affordable costs to companies . Further , the
Government shall provide a 25 % subsidy on lease rentals to eligible companies for a period of 10 years .
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their total power requirements ). |
b . 20 % of land that is allotted by the |
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c . Exemption of Electricity Duty : New Electronics industry units , after coming into commercial |
Government of Telangana can be used for dormitories exclusively for the employees . |
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operations will be entitled for 100 % |
xii . Promotion of use of Cleaner / Greener Practices : |
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exemption on Electricity duty for a period of |
Suitable incentives from policies and GOs |
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5 years . |
approved by the Industries and Commerce , and |
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vi . Assistance in Patent Filing : 50 % of the cost of filing |
Energy departments shall be applicable . |
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patents will be reimbursed to the companies |
xiii . Land Conversion Subsidy : The Telangana |
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having their headquarters in Telangana , subject |
government aims to encourage the private |
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to a limit of INR 2 Lakhs . |
EMCs by assisting in conversion of land from |
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vii . Reimbursement of Costs for Quality Certification : |
agricultural to non-agricultural . |
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50 % subsidy on the expenses Incurred for |
6.2.2 |
Specific Incentives for Mega Projects and other Areas of |
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quality certification limited to INR 2 Lakhs |
Strategic Importance |
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( Conformity European ( CE ), China Compulsory |
The different segments in the Electronics sector |
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Certificate ( CCC ), UL Certification , ISO , CMM |
need to be promoted to enable them to compete |
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Certification , SA , RU etc .). |
with the global markets as well as domestic |
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viii . VAT / CST / SGST Reimbursement : 100 % |
consumption . |
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Reimbursement of net VAT / CST or State Goods |
i . |
Mega Projects |
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and Services Tax ( SGST ) for a period of 5 years |
a . Government will also extend tailor-made |
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from the date of commencement of commercial |
benefits to Mega and Strategic Projects to |
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production to Micro and Small companies , |
suit to a particular investment requirements |
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limited to a maximum of INR 5 Crores . In case of |
on case to case basis . |
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