| ||Recognition of In-House - R & D Unit | 9/28/2011 12:27:25 PM|| |
| ||Sharon Bio-Medicine Ltd has informed BSE about recognition of In-House - R & D Unit|
"One of our formulation manufacturing unit a Silaqui, near Dehradun, Uttarakhand which is having its own in-House Research and Development Centre has been recognized by Department of Scientific and Industrial Research and falls under Ministry of Science and Technology, Government of India, New Delhi.
Sharon will avail exemptions of Customer / Excise duties and Income Tax which is available as per provision of the Act. This benefit as per provision till March 31, 2014 and is extendable after meeting certain criteria's.
Sharon has now two Research & Development centres which are approved by Ministry of Science & Technology, New Delhi where Sharon is conducting Research & Development in Active Pharma Ingredients, Active Pharma
Intermediates and Formulations."