Filatex India gets DSIR recognition for in-house R&D unit at Dahej

This registration will entitle the R&D Unit of the company to avail Customs and Central Excise duty exemptions.

Feb 02, 2021 04:02 IST India Infoline News Service

IT Stocks Up
Filatex India Limited informed the exchanges Monday that the Department of Scientific and Industrial Research (DSIR) of Government of India, Ministry of Science and Technology, New Delhi has accorded prestigious recognition to in-house R&D Unit(s) of the company located in Village-Jolva, Dahej-2, Gujarat.

This registration will entitle the R&D Unit of the company to avail Customs and Central Excise duty exemption on the purchase and import of equipment, instruments, spares thereof, consumables etc. used for Research & Development activities. The said registration is valid upto March 31, 2023.

Filatex India Ltd trade ended at Rs60.75 per piece up by Rs0.05 or 0.08% on the BSE.

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