Industrial Policy has been launched by Industries and Commerce Department, Haryana Government to counter global competitiveness and economic uncertainties and to strengthen the industrial capacity and diversification of exports.
Objectives:
- Promote private sector investment through Public Private Partnerships.
- Employment generation and enhanced employability through skill development.
- Continued thrust on manufacturing sector as a key driver of economic growth.
- Generation of entrepreneurial opportunities across all sectors of the economy.
- Facilitation of spatial dispersal of economic activities particularly in industrially lesser developed regions of the State.
Eligibility:
Food Processing Industries, Bio Technology Industries, MSMEs, Research and Development Institutions, Traders, SEZs, IT units and etc. can apply for the incentives under the policy.
Benefits:
- Interest Free Loan at the rate of 75% of the tax paid on the sale of goods produced in food processing units.
- Exemption from electricity duty, excise duty on liquor, marketing fee on vegetables, fruits, agro based and horticulture products will be provided to food processing industries and MSMEs.
- VAT on renewable energy devices like solar panel / wind mill etc. has been reduced from 12.5% to 5%.
- Exempting LPG for domestic use from VAT
- VAT on CNG and PNG has been reduced from 12.5% to 5%.
- Any fuel manufactured by the processing of municipal solid waste would be exempt from VAT.
- Interest Free Loan to be quantified at 50% of the Tax paid on the sale of goods produced in MSMEs.
- Dealers paying less than Rs. 1.00 Lakh in a year have been exempted from filing of Annual Commodity Tax Return.
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