List of Goods Eligible under SPECS Scheme

List of Goods Eligible under SPECS Scheme

 

The following is the list of goods that are eligible under the SPECS Scheme

 

AList of Goods with Minimum Investment Threshold of INR 5 crores
1SMT Components including LED chips
2Chip Modules for smart cards, RFID Antenna & Labels, CoB/System in package
3Passive components including resistors, capacitors, ferrites, etc for electronic applications
4Electromechanical components including transformers, inductors, coils, relays, switches, micro motors, stepper motors, BLDC Motors, Connectors, Heat Sinks, Antenna, Speakers, Microphones, etc. for electronic applications
5Magnetrons, Wave guides, Circulators, Couplers, Isolators, Filters, Magnets, RF Components for electronic applications
6Printed Circuit Boards (PCBs), PCB Laminates, Prepegs, Photopolymer films, PCB Printing Inks; Printed Flexible Electronics
7Sensors, Transducers, Actuators and Crystals for electronic applications
8Camera Modules, Vibrator motor/ ringer
9USB/Data Cables, HDMI Cables
10Capital goods for all the goods covered under SPECS

 

BList of Goods with Minimum Investment Threshold of INR 15 crores
1Active Components:

a.  Discrete semiconductor devices including transistors, diodes, etc.

Power semiconductors including FETs, MOSFETs, Thyristors, etc.

2Preform of Silica and Optical Fiber
3Display Assembly and Touch Panel/ Cover Glass Assembly

 

CList of Goods with Minimum Investment Threshold of INR 25 crores
1Micro/Nano-electronic components such as Micro Electro Mechanical Systems (MEMS) and Nano Electro Mechanical Systems (NEMS)
2Assembly, Testing, Marking and Packaging (ATMP) units

 

DList of Goods with Minimum Investment Threshold of INR 75 crores
1Mechanics (plastic and metal parts) for electronic applications

 

EList of Goods with Minimum Investment Threshold of INR 250 crores
1Compound Semiconductors such as GaN, SiC, GaAs, etc. and Silicon Photonics devices/ Integrated Circuits, Optoelectronic components

 

FList of Goods with Minimum Investment Threshold of INR 500 crores
1Semiconductor Wafers

 

GList of Goods with Minimum Investment Threshold of INR 1000 crores
1Semiconductor Integrated Chips (ICs) including Logic [Microprocessor, Microcontrollers, Digital Signal Processors (DSP), Application Specific Integrated Circuits (ASICs), etc.]; Memory; Analog/ Mixed Signal ICs, etc.
2Display fabrication units including Liquid Crystal Displays (LCD), Light Emitting Diode (LED), Organic Light Emitting Diode (OLED), etc. for electronic applications


Author: Amit Mundhra CA
Amit Mundhra FCA is a Fellow member of the Institute of Chartered Accountant of India. He is senior partner in Karnani & Co., Chartered Accountants. He is having 20+ years of experience in Income Tax, GST, VAT, Accounting, Audit and Assurance field.

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