SUMMARY OF INCENTIVES FOR THE IT AND ITES SECTORS
Maharashtra IT & ITES Policy, 2003

 

Fiscal

100% Stamp Duty exemption in Public IT Parks ; 75% in Private IT Parks
100% exemption from payment of Electricity Duty
Exemption from payment of Octroi / Entry Taxes
Double FSI (FAR) for units built in IT Parks
Lower Property Taxes – same as Residential rates
Minimum Sales Tax rates on locally procured Capital goods
Power supply at ‘Industrial rates’
 

Non-Fiscal

Permission for 24x7 working hours

No restrictions on employing women workers at late hours

Relaxation of Labour laws and statutory returns thereon
BPO units treated as ‘Essential Services’ & ‘Continuous Process’ units

Unlimited captive & backup power generation permitted

Permission for IT units in IT Parks to be ‘Independent Power Producers’
Data Protection & Consumer Privacy Act
 
Human Resources Development
Computer education at school & college levels

Emphasis on English language from primary school level

Permission for IT units to use school infrastructure for manpower training
University – Industry partnering to develop required skills and curriculum
 
Key benefits of 100% Export Oriented Units (EOU) scheme of STPI
No Customs Duty on imports of Capital goods & Consumables

Excise Duty & Central Sales Tax exemption on all locally procured items

‘Net Forex earnings’ requirement
100% Tax exemption till the financial year 2009-10
 
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