Summary:
Lot of industrial activities took place under the NEIIPP 2007. Our expectation is that the new policy should have benefits which can attract more investment to the region," Jain said. But we have no idea what new benefits are there in the new policy. Under the NEIIPP 2007, units that have come up in the northeast were promised 100% refund of excise duty, FINER said.With the announcement of GST, apparently the refunds would be restricted to 58% by the Central government, Lohia said. The new policy is expected to come out in July..