Cost of plant & machinery/equipment including the cost of productive equipment such as jigs,dies, moulds, etc required directly for the purpose of manufacture of goods and erected at the approved location;

Cost of equipment pertaining to pollution control measures;

Cost of second hand plant & machinery required directly for the purpose of manufacture as also cost of equipment pertaining to pollution control measures as above, when imported from outside India by the unit itself and not previously used in any State in India;

Advances paid to the suppliers of plant and machinery for the approved project of the eligible unit on or after the 1st April 2007;

A unit in the large/medium scale sector established and commissioned for the manufacture of goods in West Bengal for the first time and registered with the Director of Industries upon commencement of this scheme;

Expansion in a new location, of an existing unit already registered under a previous incentive scheme for the same or a different product;

Expansion for a new product in the same location, of an existing unit already registered under a previous scheme;

Expansion of production of a unit already registered with the DI under a previous incentive scheme, for production of same product(s), provided the duration of the admissible incentives under the respective Scheme is over;

The project is covered by a detailed feasibility report/project report prepared for the purpose;

The project has been approved and sanctioned by any FI;

While in the case of projects with arrangement of finance from own resources, issue of RC shall be considered only if the WBIDC is satisfied with the arrangement and recommends issuing RC.

If at any stage it is found on enquiry that the particulars furnished by the unit are incorrect or false; and the unit concerned shall remain liable to refund the incentives enjoyed earlier and will be disqualified for enjoying further benefits of this scheme upon revocation of RC;

If a unit remains closed for whatsoever reasons for a period covering more than continuous twelve months:

Provided that the unit concerned shall have to be offered an opportunity of being heard before revocation of RC, and de novo registration may be considered only on the merit of individual case.

Units with investment under any other scale shall not be entitled to this FCIS.

No change in the 'Fixed Capital Investment' for any unit registered under any of the previous incentive schemes or WBSSIS-2008 shall be allowed without the concurrence of the State Government.

Subject to the provisions of WBSSIS-2008 an eligible unit with investment under scale-1, for its approved project will be entitled to Interest Subsidy to the extent of 25% of the annual interest liability on the term loan borrowed from an FI for implementation of the approved project, subject to a limit of Rs.150.00 lakh per year depending on the location of the unit as follows:

Group 'B' area: 5 years
Group 'C' area: 7 years.

The Interest Subsidy will be payable annually subject to submission of a statement / certificate by the FI to prove that the unit paid the interest in full to the FI within the due dates; and the interest paid only on the term loan for investment on plant and machinery shall be qualified for this purpose and that for purchasing any second hand plant and machinery and equipment for pollution control measures installed under the hire purchase agreement shall not qualify for being considered under the amount of interest subsidy.

The units will be entitled to reimbursement of the undernoted expenditure incurred by it if at least 50% of the employees in the unit are recruited from amongst the persons registered with the Employment Exchanges of the State and Employment Exchange registration cards (original or attested photocopies) are produced at the time of claiming this incentive. 'Employee' will have the same meaning as defined under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and the Employees' State Insurance Act, 1948.

Subject to condition as at Para 9.4.1 an eligible unit in the large sector will be entitled to reimbursement to the extent of 50% of the expenditure incurred by it for paying its contribution towards Employees State Insurance (ESI) and Employees Provident Fund (EPF) depending on the location of the unit as follows:

Group 'B' area : 5 years;
Group 'C' area : 7 years.

Industrial Promotion Assistance (IPA)

Industrial units falling in the scales of 2, 3 & 4 will be granted Industrial Promotion Assistance (IPA). The total IPA (TIPA) for which an industrial unit would be eligible shall be equivalent to certain percentage of the Value Added Tax (VAT) paid by the unit in the previous year. The percentages proposed for units with different scales of investment are:

Scale 2: 70%, Scale 3: 75%, Scale 4: 80%,

The TIPA admissible to an industrial unit will be broken up into two components, with equal weightage of 50% of TIPA to each, i.e.

IPA against Fixed Capital Investment, called Capital IPA (CIPA), and
IPA against employment creation, called Employment IPA (EIPA).

Leather units, both in the tanning and manufacturing sectors, to be relocated in the Calcutta Leather Complex will be entitled to FCIS upon commencement of commercial production if relocation is accompanied with modernization. The quantum of subsidy will be 15% of fresh investment in plant and machinery, subject to maximum of Rs.250.00 lakh in case of medium & large scale units. All tanneries in the medium and large scale sectors of Kolkata falling within the jurisdiction of Topsia, Tangra, Tiljala Police Stations under Kolkata Police and Karaya Police Station under the South 24 Parganas district, required to be shifted and relocated to the Calcutta Leather Complex should be registered with the DI. The relocated tanneries will also be eligible for additional incentive under para 17.1 of the West Bengal Incentive Scheme- 2000 and subject to the directions of the Hon'ble Supreme Court of India.

Other industrial units on their relocation to approved industrial complex, if such relocation is accompanied with modernization, may be considered by the State Government for extending similar benefits as prescribed for units mentioned at sub-para 12.1 above, on merit of each case.