section 6A
Capital Investment Subsidy
The Sikkim Industrial Promotion and Incentive (Amendment) Act, 2003An investment subsidy on the total investment shall be provided on a graded level to the industry. It will be available to both new as well as those carrying out expansion, diversification or modernization activities.
(Table Content as follows:) Investment in Plant and machinery, subject to a maximum of Rs. 10 lakhs (Rupees ten lakhs). a) For units set up in the thrust area 10 Percent 5 percent of total capital investment in plant and machinery subject to a maximum Rs. 15 lakhs (Rupees fifteen lakhs) b) For units set up in the thrust areas by local entrepreneurs 20 Percent of total capital investment in Plant and machinery, subject to a maximum of Rs. 30 lakh (Rupees thirty lakhs) c) For units set up by local entrepreneurs 10 percent of total capital investment in plant and machinery subject to a maximum of Rs. 20 lakhs (Rupees twenty lakhs) d) 10 percent of total capital investment in Plant and machinery, subject to a maximum of Rs. 5 lacs. (Rupees five lakhs). e) For units set up by local entrepreneurs 10 percent of total capital investment in plant and machinery, subject to a maximum of Rs. 10 lacs (Rupees ten lakhs) f) For units set up in the thrust areas 15 Percent of total capital investment in plant and machinery subject to a maximum of Rs. 7 lakhs (Rupees Seven lakhs) g) For units set up in the thrust areas by local entrepreneurs 15 Percent of total capital investment in plant and machinery subject to a maximum of Rs. 14 lakh (Rupees fourteen lakhs) h) 30 percent of total capital investment in Plant and machinery subject to a maximum of Rs. 60,000 (Rupees sixty thousand) for units set up by local entrepreneurs. i) 15 percent of total capital investment in Plant and machinery subject to a maximum of Rs. 30,000/- (Rupees thirty thousand). j) For units set up in the thrust areas 20 Percent of total capital investment in plant and machinery subject to a maximum of Rs 40,000/- (Rupees forty thousand). k) For units set up in the thrust areas by local entrepreneurs 20 percent of total capital investment in plant and machinery subject to a maximum of Rs. 80,000/- (Rupees eighty thousand). (1) Where an industrial unit already enjoying a Central Investment Subsidy shall not be eligible to claim State Investment Subsidy under the Act.
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