| Fiscal Incentives for Biomass Power Generation in India (2002-03) | |
| Item | Description |
| Accelerated Depreciation | 80% Depreciation in the first year can be claimed for the following equipment required for Co-generation Systems: |
| 1. Back pressure, pass-out, controlled extraction, extraction-cum-condensing turbine for co-generation with pressure boilers | |
| 2. Vapur Absorption refrigeration systems | |
| 3. Organic rankine cycle power systems | |
| 4. Low inlet pressures small steam turbines | |
| Income Tax Holiday | Five year tax holiday with 30% exemption in the next 5 years for power Generation Projects with PPAs |
| Customs Duty | Duty leviable for NRSE power projects of less than 50 MW capacity (Under Project Import Category) is 20% ad valorum |
| General Sales Tax | Exemption is available in certain States |
