The Capital Goods Scheme (CGS) is a mechanism for regulating the amount of Value-Added Tax (VAT) reclaimed over the VAT-life (adjustment period) of a capital good. For VAT purposes a capital good is a developed property. The scheme operates by ensuring that the VAT reclaimed reflects the use to which the property is put over its VAT-life.
Who can register?
- MSMEs
- Local industries
- Industry Associations
- Financial Institutions
- Central / Sate Government
- R&D Institution
- Central / State PSUs
Benefits:
1. Central Assistance will be by way of one time grant-in-aid (not equity) not exceeding 80% of the project cost subject to maximum of Rs. 48.96 crore for two Common Engineering Facility Centers.
2. One time grant-in-aid (not equity) not exceeding 80% of the project cost subject to maximum of Rs. 125 crore.
3. Central Assistance will be Rs. 100 crore from DHI, during the Pilot phase.
4. Central Assistance will be by way of one time grant upto 25% of the cost of Technology Acquisition of each technology. Maximum amount given shall not exceed Rs. 10 crore. The funding support will be through a Government R & D institution.
How to apply?
Application may be submitted for each technology development projects which facilitates global competitiveness. Applications and enclosures (including DPR) to be sent in duplicate. Soft copies of the application in prescribed format and DPR (one each in MS Word format and in pdf format) to be sent in Compact Disc.
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