What are the benefits to register with the Centre?

Answer: The benefits to register with TIC are divided into two categories, namely fiscal incentives and non-fiscal incentives.

Fiscal incentives including relief of import duty on a project deemed capital at 75% and 0% of import duty on capital goods.

Capital goods are tangible assets that are purchased by investors and used in the process of production of other goods and for rendering services. Hence, capital goods are not produced for immediate consumption. Capital goods are generally capable of generating income. Some of the examples of capital goods are plant, machinery, tools, equipment, and various buildings which are used to produce other products for consumption.

An item will be regarded as plant and machinery if it is an item with a lifespan of more than 12 months that is deployed in the production of goods or supplies.

Non-fiscal incentives include Investment guarantees, transfer of capital, profits etc., Guarantee against expropriation, settlement of disputes using International Centre for the Settlement of Investment Disputes, Automatic five immigration quota, obtaining credit from domestic source by foreign investors, using facilitation services available at TIC one stop shop