Scinnovation is pleased to share a broad proposal on helping companies with no manufacturing set up get recognition from Dept. of Scientific & Industrial Research (DSIR), India which will provide them with zero customs and excise duty for any capital equipment used in their R&D setup
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010415 dsir recognition+approval proposal for non manufacturing companies
1. H. O. address : 7E, Apeejay House, 2
nd
floor, 3, Dinshaw Vacha Road, Churchgate, Mumbai-400020 (INDIA)
NCR address : Regus Green Boulevard, Level 5, Tower C, 3C Green Boulevard, Sector-62, Noida-201307 (INDIA)
T : 91-7303712300 (24*7) / 91-22-66364363 (Office hours) / USA: 1-646-797-3060
E: helpdesk@scinnovation.in W: www.scinnovation.in Skype: rajeevsurana Twitter: ScinnovationCo
Scinnovation Consultants Pvt. Ltd. TM
Scaling Innovations
Intellectual Property protection, consulting and monetisation firm
General proposal for DSIR recognition and approval for your R&D centre
Document last updated : 1st
April 2015
Company : Scinnovation Consultants Pvt. Ltd.
Location : Head quarter: South Mumbai
Branch office: New Delhi
Associates in Ahmedabad, Pune, Cochin, Coimbatore & USA
Year of establishment : 25-April-2005
(CIN no.U74910MH2005PTC152823 dated 25-04-2005)
We evaluate you before we take up the assignment
Before we take up any assignment, a team member would visit your R&D unit for due diligence of your
R & D facilities. The purpose is to identify strategic area out of your manufacturing units which can be
earmarked for “in-house Research and Development” providing you with maximum benefit and evaluate
your eligibility for the DSIR scheme.
We will provide this full day service on a complimentary basis and you have to only bear the cost of
return air travel, hotel stay, local conveyance and food for one person for one day.
What all will we do for you?
Our services for R & D Project on turnkey basis are as follows: -
1. Briefing and preparation of your key team for DSIR recognition project
2. Selection of R&D projects for short term, medium term and long term (Past, present and future
projects) with the help of your R&D Head
3. Identifying specific area and R&D centre layout for getting maximum benefits
4. Filing of online application on DSIR site
5. Submission of soft copy online & hard copy in person to DSIR, New Delhi
6. Presentation to be made to DSIR
7. Professional video shoot (walk in video) of your R&D centre to be presented to DSIR
2. H. O. address : 7E, Apeejay House, 2
nd
floor, 3, Dinshaw Vacha Road, Churchgate, Mumbai-400020 (INDIA)
NCR address : Regus Green Boulevard, Level 5, Tower C, 3C Green Boulevard, Sector-62, Noida-201307 (INDIA)
T : 91-7303712300 (24*7) / 91-22-66364363 (Office hours) / USA: 1-646-797-3060
E: helpdesk@scinnovation.in W: www.scinnovation.in Skype: rajeevsurana Twitter: ScinnovationCo
8. Preparation for meeting with DSIR either a day prior or on same day
9. Training your key team on responding to queries raised by DSIR pre or post recognition
10. Providing support to your Chartered Accountant post approval with regards to Income Tax
benefits u/s 35 (2AB) of Income Tax Act
How much will it cost me?
Rs.12 lac + Service Tax (upto 10 employee in your R&D centre)
Rs.15 lac + Service Tax (upto 25 employee in your R&D centre)
Rs.18 lac + Service Tax (25+ employee in your R&D centre)
In case a company is not eligible or does not want approval for income tax benefits, then
an amount of Rs.2 lac + Service Tax will be deducted from applicable fees
Retainer is available on an optional basis at 20% of fees paid (during DSIR recognition &
approval process) from 2nd
Financial Year for ensuring maximum income tax benefits &
annual submission of audited books of account for R&D operations
How much do I have to pay?
50% on confirmation & signing of assignment
25% on submission of soft and hard copy application to DSIR
25% on receipt of DSIR recognition
How much time will it take?
Submission of the application will be completed in 6-8 weeks from receipt of advance
Recognition as ‘In House R&D Centre’ will be granted in 3 to 5 months from date of
submission of application depending on your availability for in person meeting with DSIR
scientists in New Delhi and site visit to evaluate your R&D facility
What are the exclusions?
Cost incurred in making your R&D centre compliant with DSIR guidelines
More than 2 visits to your R&D centre during the engagement process
Points to note
The recognition is normally provided for a period of 3 financial years at DSIR’s discretion
In the rare case of a rejection of application by DSIR; Scinnovation will work with your
team for a fresh application at no additional charges including site visits as required