IT Firms In PCMC Areas To Get Octroi Concessions

(Times of India, October 9 2010)
PUNE: Information Technology (IT) industrial units which will be set up in special economic zones in the Pimpri-Chinchwad township will get concessions in octroi on certain items from next month. The state government recently approved a proposal to this effect.
According to civic officials, the municipal corporation had sent a proposal to the state government last year to give concessions in octroi on certain items for IT units in SEZs. The units will be exempt from paying octroi on these items for a period of five years. The list of items which will be exempt from octroi will be notified by the municipal corporation.
According to a government resolution, the IT industries will first have to pay octroi to the municipal corporation. They will have to submit the necessary documents and then seek a refund from the municipal corporation.
The government has pointed out that the concession in octroi for industrial units in special economic zones is in accordance with the government’s SEZ policy to attract investments in the state. PCMC had invited suggestions and objections from citizens regarding the proposal to grant octroi concession. However, no suggestion or objection was received, civic officials said.

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