FMCG companies make a beeline for Assam following tax sops

Key benefits include 10-year income tax holiday and excise duty exemption, which may be replaced by a 58% refund on Central GST

Assam is rapidly becoming the favourite destination of investment for the fast-moving consumer goods (FMCG) industry after the Union government rolled out various tax incentives for companies setting up units in the Northeast with the Assam government topping it up with other perks as well.
 

The primary benefit, accorded in the North East Industrial and Investment Promotion policy (NEIIP policy), is an income tax holiday for a period of 10 years and excise duty exemptions. After the roll out of the goods and services tax (GST), the excise duty exemption is likely to be replaced by a