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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 :
For manufacturing in different ESDM verticals including:
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 Nexus Certificate is mandatory along with the application of M-SIPS to confirm the entitlement of the project. Besides, a detailed Valuation Report of the assets is required to confirm their current market value for the purpose of assessment.
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