Relief
for Expansion / Diversification / Modernisation
Exemption/ Deferment
of Trade tax linked to the extent of additional investment
for expansion/ diversification/ modernisation shall
be considered for existing units which undertakes investment
more than 25% of existing fixed capital investment.
In case of expansion & modernisation enhancement
in existing capacity to the extent of 25% is also considered
for eligibility of expansion/deferment of trade tax.
The State has already created a fairly
well developed infrastructure in the field of Civil
Aviation. Three Aerodromes and 23 Air Strips have
been constructed all over the State. Private Airlines
will be facilitated in setting up their operations in
the State. Efforts have been made for the introduction
of Air Services to Kanpur, Gorakhpur and Allahabad.
The Airport Authority of India has also been approached
for the upgradation of Lucknow, Agra and Varanasi Airports,
so that they could handle International Charters and
Cargo.
Special incentives / facilities being
made available to units which have an investment above
Rs. 500 million. 'Empowered Committee', under the chairmanship
of the Chief Secretary, has been constituted to take
decisions on case-to-case basis. Decisions shall be
taken on the basis of location of the unit, employment
potential and the possibilities of down stream projects,
apart from the contribution to the general economic
development of that area.
All new industrial units shall have
the option of the facility of Trade Tax Deferment in
place of exemption and for this purpose, deferment shall
be made available for the entire tax applicable on the
commodity.
Thus, the limitation of 5 per cent
of the sale price shall not be applicable under the
Deferment scheme and the existing facility of additional
50 per cent ceiling of capital investment shall continue.
Exemption / deferment linked to
Fixed Capital Investment Facility available upto 250%
or 12 years in Category 'A', 200% or 10 years in Category
'B', 150% and for Small Scale Industries 175% of Fixed
Capital Investment or 8 years in Category 'C' whichever
is earlier.
Exemption/deferment of Trade Tax
for expansion/ diversification/ modernisation/ backward
integration.
Deferment of Trade Tax as a substitute
of exemption available to all units.
District/Divisional level Committees
authorised to issue eligibility certificates.
Rationalisation
of Trade Tax Structure
Trade Tax structure shall be examined
from time to time for the purpose of its rationalisation
to promote industrialisation in the State. In this context,
a Working Group on Trade Tax will submit its recommendation
from time to time so as to make the tax structure competitive
for the purpose of fostering industrialisation.
Income
Tax exempted districts
The following Districts in the state
of Uttar Pradesh have been exempted in the Income Tax
by the Government of India :
