Nature of subsidy
X X X X Extracts X X X X
X X X X Extracts X X X X
....n a limited number of persons or enterprises or industries or designated geographical regions, engaged in manufacturing, producing and exporting the article.] ^2[****] Explanation.- (1) For the purposes of sub-clause (i) of clause (c) the term "subsidy for research activity" means assistance for research activities conducted by commercial organisations or by higher education or research establishments on a contract basis with the commercial organisations if the assistance covers not more than seventy five per cent of the costs of industrial research or fifty per cent of the costs of pre-competitive development activity and provided that such assistance is limited exclusively to - (i) costs of personnel (....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ed out in law, regulation, or other official document, so as to be capable of verification; (c) the criteria shall include a measurement of economic development which shall be based on at least one of the following factors - (i) one of either income per capita or household income per capita, or Gross Domestic Product per capita, which must not be above eighty-five per cent of the average for the territory concerned; (ii) unemployment rate, which must be at least one hundred and ten per cent of the average for the territory concerned, as measured over a three-year period; such measurement, however, may be a composite one and may include other factors. (3) For the purposes of sub-clause (iii)....
TaxTMI