Goa Value Added Tax-Based Subsidy on H.S.D. Oil Consumed by Fishing Vessels Scheme

About This Scheme

“Goa Value Added Tax-Based Subsidy on H.S.D. Oil Consumed by Fishing Vessels Scheme” is a scheme by the Department of Fisheries, Government of Goa. Through this scheme, the amount equivalent to the actual VAT paid shall be reimbursed to the owner as a subsidy on H.S.D. Oil consumed by the fishing vessel. The applications are accepted only in offline mode.

Eligibility

1. The applicant should have a registered fishing vessel under the M.S. Act. 2. The applicant should possess a valid Net Licence and Fishing Licence for the year. 3. The applicant should not be a defaulter of the Department of Fisheries. 4. The applicant should not be a violator of the Goa, Daman and Diu Marine Fishing Regulation Act, 1980 (3 of 1981) and rules framed thereunder. 5. The applicant should procure H.S.D. Oil from a Diesel Outlet run by the Registered Fisheries Co-operative Society or outlets approved by the Government of Goa.

Benefits

- An amount equivalent to the actual Value Added Tax paid shall be reimbursed to the owner of the fishing vessel as a subsidy on H.S.D. Oil consumed by the fishing vessel used for the purpose of fishing on a limited quota, as decided by the government. - The total quota of H.S.D. Oil for the purpose of this scheme shall be restricted to 20,000 K.L. per financial year for the entire fishing industry.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.