Save Money, Get your R&D Approved

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Information about Save Money, Get your R&D Approved

Published on April 8, 2014

Author: rajeevsurana



The DSIR provides tax rebates for approved R&D facility. Learn more at

Save money, get your R&D approved W: E: T: 91-22-61424997 Blog: | Twitter: ScinnovationCo

How can I save money? Get your R&D / Technology Development Centre recognised by Dept. of Science & Industrial Research (DSIR) as ‘in-house R&D centre’ Avail both direct and indirect tax benefits once your facility is approved by DSIR This would lead to lower tax outgo, lower input cost and access to Govt. funding

What are the exact benefits? Super income tax deduction @ 200% of expense incurred on R&D including staff cost Customs & excise duty waiver for both import or local purchase of capital equipment and consumables Excise duty exemption for product sold in India which have patent granted in two countries out of India, USA, Japan & any country in European Union for a period of 3 years after approval Access to DSIR’s funding schemes comprising of grants & soft loans

What is the process? Need to have a R&D plan from a 3-5 year perspective Need to have a full time R&D Head Need to have a dedicated area in your premises for conducting R&D Gaps wrt plan, premises, equipment & manpower need to be filled Submission of application & site inspection leading to grant as in-house R&D centre

How will Scinnovation help? Strategic understanding of business objectives Preparation of R&D plan Identifying gaps in facility which needs to be addressed Orienting the R&D Head Preparation of application Submission & follow-up Responding to any queries raised & working towards receiving approval from DSIR

Timeline & Cost Timeline:  Preparatory work: 1 to 3 months  Grant approval process: 3 to 6 months Total timeframe for approval: 4 to 9 months (avg.: 6 months) Total cost:  Rs.5 lac including site visit (atleast one visit), preparatory work, submission, one provisional patent application, follow up till approval for a single premise* with Service Tax included  50% advance  30% on submission of application  20% on grant of approval * In case you have multiple premises for approval, separate cost will apply

Why Scinnovation? Scinnovation Consultants Pvt. Ltd. is established & well regarded in the field of Intellectual Property & Innovation Cofounded by Rajeev Surana who is a Patent Attorney, Author, Speaker & Faculty ably supported by Dr. A. S. Rao (Ex Advisor-Dept. of Science & Technology) & Dr. Shantaram Kane (Ex R&D Head-NOCIL) Have an associate in New Delhi for liasoning with DSIR Researched this opportunity thoroughly: Article published in our Mar-14 edition of newsletter available at

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