Chemical and petrochemical industry

More documents

Recommendations

Info

Enabling investment in downstreamprocessing industryProducts from MRPLProduction Vol. ( MMTPA)POLYPROPYLENE 0.44PETCOKE 0.9SULPHUR 0.2MIXED XYLENE 0.08BITUMEN 0.25LPG 0.3KERSOENE 0.34NAPTHA 0.89ATF 1.09MOTOR SPIRIT 1.19FUEL OIL 2.27DIESEL 5.28Products from OMPLProduction Vol.( MMTPA)PARA XYLENE 0.9BENZENE 0.27Liberalized policy framework facilitates investor-friendly environmentState IndustrialPolicy, 2009-14► Anchor unit subsidy & Investment promotion subsidy to MSMEs► Exemption from stamp duty and concessional registrationcharges► Refund of conversion fine and Special incentives forenterprises coming up in low HDI districts► Exemption from entry tax & Incentives for export oriented units► Exemption of APMC cess & Subsidy for setting up of ETPs► Interest free loan on VAT for large & mega projects► Exemption from electricity dutyKarnataka: Chemicals and Petrochemicals ProfilePage 4
Government policies and efforts: promotehealthy investment environmentCentral policy andincentives for unitsin Special EconomicZones (SEZs)► Duty free import/domestic procurement of goods fordevelopment, operation and maintenance of SEZ units► 100% Income Tax exemption on export income for SEZunits under Section 10AA of the Income Tax Act for first5 years, 50% for next 5 years thereafter and 50% of theploughed back export profit for next 5 years.► Exemption from minimum alternate tax under section115JB of the Income Tax Act.► External commercial borrowing by SEZ units upto US $500 million in a year without any maturity restrictionthrough recognized banking channels.► Exemption from Central Sales Tax.► Exemption from Service Tax.► Single window clearance for Central and State levelapprovals.► Exemption from State sales tax and other levies asextended by the respective State Governments.Karnataka StatePolicy for SpecialEconomic ZonesAct, 2009►►►►►►Single Point Clearance by Unit Approval Committeeheaded by the Development Commissioner, SEZAll industrial units and other establishments in the SEZswill be declared Public Utility Service under theprovisions of the Industrial Dispute Act, 194750% Exemption of Stamp Duty and Registration feesExemption of Electricity Duty or TaxesExemption of 1% Labour Welfare Cess on constructioncostExemption from any other State taxes, cess, duties orlevies as may be notified by the State Government100% FDI is permissible in the chemical & petrochemical industry (except for fewsensitive industry segments)Karnataka: Chemicals and Petrochemicals ProfilePage 5
Page 1 and 2: Global Investors’ Meet - 2012Karn
Page 3: Karnataka: showcasing potential inc
Page 7 and 8: Investment OpportunitiesEducation,

Chemical and petrochemical industry

Create successful ePaper yourself

Delete template?

Save as template?