In response to Unstarred Question No. †1214 raised by Shri Ummeda Ram Beniwal in the Lok Sabha, the Minister of State in the Ministry of Finance (Shri Pankaj Chaudhary) stated that the Government of India has not proposed any special financial incentives or tax concessions for industries to be established in Barmer district, Rajasthan, including the upcoming refinery and petrochemical complex. There are no State-specific incentives for refinery or petrochemical complexes under the Income-tax Act 1961. However, certain limited exemptions are available to a foreign company in respect of crude oil under Section 10 of the Income Tax Act, 1961, specifically Sections 10(48), 10(48A), and 10(48B). The question was to be answered on Monday, December 08, 2025.
Key Entities Referenced
Income-tax Act 1961: Act providing certain limited exemptions for foreign companies in respect of crude oil under Section 10.
Ministry of Finance: The ministry answering the question about incentives and tax concessions.
Barmer: District in Rajasthan where incentives and tax concessions for industries are being inquired about.
Rajasthan: The state to which the incentives and tax concessions apply.
Section 10: Section of the Income-tax Act 1961 that deals with certain limited exemptions under 10(48), 10(48A), and 10(48B) for foreign companies.
Government of India
Ministry of Finance
Department of Revenue
LOK SABHA
UNSTARRED QUESTION NO. †1214
TO BE ANSWERED ON MONDAY, DECEMBER 08, 2025/AGRAHAYANA 17, 1947 (SAKA)
INCENTIVES AND TAX CONCESSIONS FOR INDUSTRIES IN BARMER
†1214. SHRI UMMEDA RAM BENIWAL:
Will the Minister of FINANCE be please to state:
(a) whether any special financial incentives/tax concessions are proposed by the Government
for industries to be established in Barmer district in Rajasthan particularly for the upcoming
refinery and petrochemical complex;
(b) if so, the details thereof; and
(c) whether similar incentives are being provided to Rajasthan and other industrial hubs of the
country, if so, the details thereof?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) & (b): No special financial incentives/tax concessions have been proposed by the
Government of India.
(c): There is no State specific incentives for any refinery or petrochemical complex under the
Income-tax Act 1961. However, there are certain limited exemptions under Section 10 of
Income Tax Act, 1961 available to a foreign company in respect of crude oil, which are listed
as under:
(i) Section 10(48)
(ii) Section 10 (48A)
(iii) Section 10 (48B)
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