| Fiscal Incentives for Biomass Power Generation (During 2001-2002) | |
| Item | Description |
| Accelerated Depreciation | 100% depreciation in the first year can be claimed for the following power generation equipment: |
| 1. Fluidized Bed Boilers | |
| 2. Back pressure, pass-out, controlled extraction, extraction and condensing turbine for power generation with biolers | |
| 3. High efficiency biolers | |
| 4. Waste heat recovery equipment | |
| Income Tax Holiday | Five year tax holiday with 30% exemption in the next 5 years |
| Customs Duty | Duty leviable for NRSE power projects of less than 50 MW capacity (Under Project Import Category) is 20% ad valorum. This covers machinery and equipment component parts required for generation of electric power. |
| Central Excise Duty | Exempted for renewable energy devices, including raw materials, components and assemblies |
| Central Sales Tax | Exempted for renewable energy devices, including raw materials, components and assemblies |
| General Sales Tax | Exemption is available in certain States |
