RESTRICTED
WORLD TRADE G/SCM/N/3/IND/Suppl.1
L/7611/Add.13/Suppl.1
ORGANIZATION 30October 1995
(95-3344)
Original: English Committee onSubsidies andCountervailing Measures
SUBSIDIES
NOTIFICATIONS PURSUANT TOARTICLE XVI.1 OFTHE GATT 1994
AND ARTICLE 25OFTHE AGREEMENT ONSUBSIDIES AND
COUNTERVAILING MEASURES
INDIA
Thefollowing updating notification, dated 14September 1995, hasbeenreceived from the
Permanent Mission ofIndia.
Inview ofthedecision taken bytheCONTRACTING PARTIES oftheGATT 1947 on
AvoidanceofProceduralandInstitutionalDuplication(L/7582,dated13December1994)thisnotification
isdeemed tobealsoanotification under Article XVI:1 oftheGATT 1947.
_______________
TheGovernment ofIndiadoesnotmaintain anysubsidy (asdefined inparagraph 1ofArticle 1
which isspecific within themeaning ofArticle 2)which isinconsistent withtheprovisions ofthe
Agreement onSubsidies andCountervailing Measures astheyareapplicable toIndia. However, for
transparency purpose, theGovernment ofIndia would liketointimate thatunder Section 80HHC of
theIncome TaxAct,deduction isallowed inthecomputation oftaxable profits ofdomestic companies
andnon-corporate taxpayers resident inIndia ofthewhole oftheincome derived bytheassessee from
export ofgoods ormerchandise.
Itisnotpossible tomake anassessment ofthetradeeffects oftheprogramme referred toabove.