All the said opportunities can be explored fully with the supportive hands of Our Respected Central & State Government. Thus we recommend for maximum tax benefits by announcing 100% exemption for stipulated time period.

Government is kind enough to release certain aid & policy concerned with Rehabilitation & Reconstruction task. We appreciate the initial relief work done by Central & State Government and various NGOs. Still the necessary steps are being taken, which is also appreciable. Honourable Prime Minister has declared Excise & Sales tax relief. Details regarding Tax relief are:

• Central Excise holiday is fixed for 5 years provided the unit is established between 31-07-2001 & 31-07-2003.

• Units established between 31-07-2001 & 31-10-2004 are eligible for Sales tax holiday. Also eligibility for sales tax holiday is directly proportionate to investment made:

Eligible Investment per year	Sales Tax Holiday years
Rs.10 crore	5
Rs.10 to Rs.50 crore	7
More than Rs.50 crore	10

• Eligible concession should be claimed within stipulated time period.

• Sales tax relief can be claimed either by way of exemption or by way of deferment. However one can get joint benefit by way of exemption & deferment only if the investment is more than Rs.100 crore. Others can select either of the two by prior declaration, which cannot be altered at later date.

• The EXIM Policy governs the norms regarding input set off. Necessary facts related to input and output are to be certified by an authorized Chartered Accountant. The Industrial Commissioner will decide the norms of the items not covered under EXIM Policy.

• Before availing the tax benefits one has to check the list of businesses, which are eligible. The State has also exempted certain items, which are not falling under Central Excise.