Subsidies and fiscal benefits offered by the Government of India are
- Income tax benefits
- Accelerated depreciation for plant and machinery
- Customs duty and duty free import concessions
- Capital and interest subsidy
- Other incentives for preparation of feasibility reports and detailed project reports (DPR)
- Preferential tariffs are being worked out at the state government level, most incentives are focused on installed capacity as capital costs are typically high
- R&D subsidy to the tune of 100% of project cost in government R&D institutions and 50% in the case of private institutions
- Specific incentive scheme for solar power launched in 2008 expected to cost
the government Rs 90 crore and bring in private investment to the tune of
Rs 1000 crore:- Generation based incentive of Rs 12 per kilowatt from solar photovoltaic cells
- Generation based incentive of Rs 10 per kilowatt for power generated through solar thermal power plants
- Wind Energy schemes offers:
- 10 year income tax exemption
- 80% accelerated depreciation
- Sales tax and excise duty exemption
Read more on the Green Energy Sector in India at http://www.india-reports.com/summary/energy.aspx
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Dear Sir,
I will be obliged if you could kindly enlighten me about the specific GR related to income tax, VAT, excise and other direct taxes regarding bio-fuel additives/ bio-fuel.
Are there any other fiscal incentatives?
With regards
Dr. OmPrakash G. Kulkarni