Section 29: Additional facilities and concessions

In addition to the exemptions, facilities and concessions mentioned in sections 24, 25, 26, 27 and 28, the following additional facilities and concessions may be provided to the following industries:

(a) possessory right of a forest within any specific area may be provided on bond or lease under the prevailing law to a forest product-based industry by specifying necessary terms,

(b) electricity generated by an industry for its own purpose is exempted from any fee or royalty payable on it under the prevailing law,

(c) if an industry intends to sell excess electricity generated by it for its own purpose, it may be sold at the rate set by mutual consent under the prevailing law,

(d) the Government of Nepal may provide additional facilities and concessions by publishing a notice in the Nepal Gazette, s to export-oriented industries and such industries as prescribed established in a special economic zone or governmental or private industrial zone,

(e) the Government of Nepal may, on the recommendation of the Board and by a notification in the Nepal Gazette, provide additional facilities and concessions to those industries of national priority or use the maximum amount of domestic raw materials, labour and skills or inventing technology or goods within Nepal,

(f) the Government of Nepal may grant an exemption on demand charge being levied on electricity tariff payable by industry in proportion to the time of non-supply of electricity, in such grounds and by following such procedures as prescribed,

(g) the Government of Nepal may provide such grant and prescribed by notification in the Nepal Gazette as seed money to a cooperative, micro-enterprise, cottage or small industry in the least developed area,

(h) permission may be granted to an industry in operation with foreign investment to import goods produced by its principal company abroad for a certain period on such terms and within such ceiling as prescribed for the development and promotion of market for new goods,

(i) the Government of Nepal may provide such incentives, exemptions, facilities or concessions, as prescribed, to the manufacturing industries, agriculture and forest product-based industries and minerals industries under sub-section (2) of section 17, other than tobacco and liquor industries,

(j) exemption may be granted on customs duty for the imports by micro, cottage and small industries of novel technology such as machinery and equipment,

(k) the Government of Nepal may make special provisions in relation to incentives, exemptions, facilities or concessions for industries established in an industrial zone, product specific zone and industrial village,

(l) the Government of Nepal may provide additional incentives, exemptions, facilities or concessions to industries established in the least developed, undeveloped and underdeveloped regions.