Becomes first ever University to receive this stature in just two years of business operations
25th July 2019: The Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology, Government of India has considered SRM University, AP – Amaravati under Public Funded Research Institutions / Universities and granted a Certificate of Registration dated 5th July 2019. This prestigious certification entails exemptions in customs duty while importing research equipment as well as in GST when procuring materials from within the country. SRM University, AP – Amaravati is now eligible to pay only 9% on customs duty and 5% GST on national equipment as against the stipulated 30-40% and 18% respectively.
However, the concession is strictly available on items purchased for research purpose. This registration will be valid up to 31.8.2022 and thereafter renewed depending on the research and development activities undertaken, status of on-going projects, and other achievements of the university.
Following this achievement, Prof D Narayana Rao, Pro Vice Chancellor, SRM University, AP- Amaravati, commented, “We, at SRM University, AP-Amaravati, emphasize on research ever since our inception and we believe that this assistance from the government will enable our researchers to progress their work seamlessly.”