DSIR recognition overview

DSIR's 'In-house R&D' recognition goes beyond being a mere formality; it offers significant and concrete advantages:

• Accelerated Capital R&D Expense Write-off: Companies with DSIR recognition can write off all capital R&D expenses in a single year, avoiding the need to claim depreciation over multiple years. This accelerates the tax benefits and boosts cash flow for further research investments.

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• Import Duty Exemption: DSIR Recognized entities enjoy exemption from paying import duties on materials and equipment imported specifically for R&D purposes. This facilitates the acquisition of cutting-edge technology and resources without added financial burden.

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• Soft-loans at reduced interest rate: Through DSIR recognition, enterprises gain access to the Grant-in-aid provided under the PACE scheme, requiring possession of the DSIR Recognition Certificate by the company.

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• International Recognition: DSIR's reputation extends globally, enhancing the credibility of recognized organizations in the international research community. It opens doors for potential collaborations, technology partnerships, and access to global funding opportunities.

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In summary, DSIR's 'In-house R&D' recognition brings tangible financial advantages, streamlines research operations, and positions recognized entities for global collaborations. It serves as a testament to the organization's commitment to innovation and research excellence.