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Jan 11, 2014· A SWOT ANALYSIS OF INDIAN MINING INDUSTRY Strengths: 1. The government offers a wide range of concessions to investors in India, engaged in mining activity. Mining in specified backward districts is eligible for a complete tax holiday for a period of 5 years from commencement of production and a 30 percent tax holiday for 5 years thereafter.
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Tax holidays Both new industrial undertakings located in the specified "backward states" or districts and new industrial undertakings set up for generation or generation and distribution of power are entitled to full tax exemption of profits for the first five years of operation, followed by partial tax exemption of 30 percent (for companies ...
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Jun 16, 2017· • Profits of companies producing specified metals are given tax concession under the Income Tax Act • Low custom duty on the capital equipment used for minerals • Companies who do mining in backward districts are eligible for complete tax holiday for a period of 5 years from the commencement of production 30 per cent tax holiday for 5 ...
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India metals and mining sector has witnessed strong growth over the past few years. GVA from Mining and Quarrying reached US billion in FY20 SAE. Mineral production in India has also surged, achieving a CAGR of per cent between 201314 and 201718E to .
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