Services for (M-SIPS)

DEITY’s Modified Special Incentive Package Scheme (M-SIPS)

To promote Electronic System Design and Manufacturing (ESDM) there is a Modified Special Incentive Package Scheme, under which Government provides attractive incentives for electronic manufacturing.

The Department of Electronics and Information Technology (DeitY) has issued newspaper advertisements to announce a package of incentives which cover:

• Subsidy of 25% of Capex in non-SEZs (20% in SEZs) over 10 years
• Reimbursement of CVD/Excise for capital equipment in non-SEZs
• New Units/Expansion of existing Units / Relocation from abroad eligible
For manufacturing in different ESDM verticals including:

• Avionics
• E-Waste Processing
• Telecom Equipment, Mobile sets
• LEDs, LCDs
• Medical Electronics
• Bio-metric/Identity Devices
• IT Hardware
• Consumer Electronics
• Power Supply for ESDM Products
• Opto-Electronics
• Automotive Electronics
• Electro-Mechanical Components
• Nano-electronics
• Fabs for ESDM Products
• Electronics Manufacturing Services, etc.
• Solar Photovoltaic
• Semiconductor Wafering
• Semiconductor Chips & Components

A Chartered Engineer and Valuer prepares his impartial report for generating the Nexus Certificate to establish the relation between the intermediate component and the End Product. This is Nexus Certificate is mandatory along with the application of M-SIPS to confirm the entitlement of the project. Beside this a detailed Valuation Report of the assets is required to confirm their current market value for the purpose of assessment.

NAVEEN ARORA Chartered Engineer & Approved Valuer ( P&M) ( Customs & MNRE Empanelled ) CERTIFICATION / VALUATIONS RESPECT OF :BOM & Purchase Order verification for Solar Power Developers Appendix-32A and Installation Certificates under EPCG Scheme. Status Holder Incentive Scheme (SHIS) & Advance License. Import of Plant & Machinery for 100% EOU. Certification for import of Second Hand Plants, Machinery and Spares . Import into SEZ. Export of defective parts/equipment . NOC from Ministry of Environment and Forest (MOEF). Cold Chain Subsidy.