EDB Guidelines regarding issue of Investment Certificate

  • The EDB Act is empowered to issue an Investment Certificate and a Premium Investment Certificate.
  • Depending on the Economic Activity, the Investment Certificate confers a set of incentives while the Premium Investment Certificate is issued according to requested incentives by the promoter and as may be approved.
  • The certificates are only issued after submission of a full fledged business plan.
  • A comprehensive set of incentives be provided through a multi-stage process right from submission of interest to provide comfort to investors and for the business plan and financial forecast to be structured according to the incentives
The Guidelines provide for the following –

ISSUE OF AN INVESTMENT CERTIFICATE

Any person / organisation operating in the Pharmaceutical manufacturing industry shall be eligible to an Investment Certificate issued by the EDB under the EDB Act; and

PACKAGE OF INCENTIVES

The holder of an Investment Certificate shall be entitled to the following incentives, namely, exemption of 8 years corporate tax, exemption from VAT, exemption from Customs Duty, exemption from Registration Duty and exemption from Land conversion tax.