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Recognition in DSIR for R&D Units



Our company renders services for Recognition in DSIR for R&D Units mainly for electronic / mechanical/ automotive industries. We help organizations to comply with the standards and attain Department of Science & Industrial Research (DSIR) certifications and Approvals for In-House R&D centre. We have the expertise and experience to help industries in attaining this certification for their R&D facility by DSIR.

More about Recognition in DSIR for R&D Units : In order to encourage R&D initiatives by industry and to make R&D an attractive proposition, the Finance Bill 1997 introduced a sub-section (2AB) in Section 35 of the IT Act 1961 by approval under DSIR (Department of Science & Industrial Research, Govt. Of India). The main objective of DSIR is to promote the in house  R&D by the industries, support a larger cross section of small and medium industrial units to develop state-of-the art globally competitive technologies of high commercial potential,  strengthen industrial consultancy & technology management capabilities and establish user friendly information network to facilitate scientific and industrial research in the country to promote the concept of “ Make in India”

 

Companies having In-house R&D centers, which satisfy the following conditions, are eligible to apply for approval of the DSIR :

  • The company has well defined R&D programs; The company maintains proper documentation for the R&D programs taken up;
  • The R&D centers are holding valid recognition by DSIR;
  • The company shall be engaged in the business of Biotechnology or in the business of manufacturing or production of any article or thing other than those specified in the list of the Eleventh Schedule.
  • The company maintains separate accounts for the R&D expenditures and report the capital & recurring expenditures after duly audited by Statutory Auditors.
  • The in-house R&D center is located in a separate earmarked area/building and has exclusive R&D manpower of its own;
  • The R&D centers are exclusively engaged in research and development for production of any article or thing not being an article or thing specified in the list of the eleventh schedule of the Income Tax Act placed at Annexure – VI

 

Benefits for DSIR recognition

  • Super income tax deduction @ 200% of expense incurred on R&D including staff cost, purchase of consumables and even computers & software
  • Customs & excise duty waiver for both import or local purchase of capital equipment and consumables
  • Excise duty exemption for product sold in India which have patent granted in two countries out of India, USA, Japan & any country in European Union for a period of 3 years after approval
  • Access to DSIR’s funding schemes comprising of grants & soft loans

 

We help organizations of mainly electronic / mechanical/ automotive industries to comply with the standards and attain Department of Science & Industrial Research (DSIR) certifications and Approvals for In-House R&D centre. The core competence of our expert team  lies in helping industries in getting this certification for their R&D facility by DSIR.


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