The Assam Government has different Policies which are detailed below:
Cess Utilisation Policy:
For development and welfare of Small Tea Growers in the State, a policy called "the Cess Utilization (Amendment) Policy, 2015" declared by the Government of Assam on 30th May, 2015. The Policy will remain valid commencing from 1st June, 2015 until further as notified by the State Government. To implement the scheme, a Cess [ Cess means a tax levied under the Assam Taxation (on specified land) Act, 1990 and amendment thereof, on specified land under cultivation of tea by Small Tea Growers] is levied at the rate of 25 paisa per Kg of green leaf purchased by the Bought Leaf Factories (BLF) and Estate factories.
The fund so collected to be utilised for development of small and marginal tea growers, welfare of tea labourers in unorganised sector and improvement of quality of tea. The proceeds of cess levied shall be credited to the Consolidated Fund of Government of Assam and will be allotted to the State Level Society, constituted under the policy, for implementation of various schemes under the Cess Utilisation Policy.
The Industrial and Investment Policy of Assam, 2014 was declared by the State Government have laid down of fiscal incentives for investors in Assam. The policy would be valid for five years w.e.f 1/3/2014 and all new units as well as existing unit undergoing substantial expansion, modernization and diversification shall be eligible to enjoy the incentives under the policy.
The highlights of the incentives under the policy are:
State Capital Investment subsidy for Micro units
Tax Exemption which includes (i) Value Added Tax exemption,
Entry Tax exemption,
Luxury and Tax Exemption.
Subsidy on quality Certification/Technical know how
20% State Capital Subsidy on cost of PV Modules upto 20 KW.
Ease of Doing Business in Assam aims to create a platform for providing the best support towards the prospective and existing business community in the state and drives forward the state's vision of prosperity for all - by employing technology, innovation, inclusivity, and sustainability as key factors for development. It provides objective measures of business regulations.
Ease of Doing Business in Assam encourages economies to compete towards more efficient regulation; it looks at domestic small and medium-sized companies and measures the regulations applying to them through their life cycle.