1. Cabinet approves the scheme of providing budgetary support under Goods and Service Tax regime for eligible industrial units located in Jammu & Kashmir, Uttarakhand, Himachal Pradesh, and the North Eastern States including Sikkim.
2. Budgetary support of Rs 27,413 crore for the period 1.7.2017 to 31.03.2027
3. For such industrial units located in aforesaid states which availed the benefit of Central Excise exemption
prior to the introduction of GST regime.
4. A total of 4,284 eligible units located in these states are estimated to benefit from the scheme.
5. Units in these states used to receive excise duty exemption for first 10 years after commencement of commercial production.
6. Upon repeal of the Central Excise duty laws, the Government has decided to pay a budgetary support equal to the central share of the cash component of CGST and IGST paid by the affected eligible industrial units.
7. The supports shall be available for the residual period (ten years from the date of commercial production)
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