Foreign productions availing pure animation post-production and visual effects services in India can
receive up to 30% of the Qualifying Expenses (equivalent to 75% of the Contract Value) along with an
additional 5% bonus for Significant Indian Content, with a maximum rebate capped at INR 300 million.
Trying to wrap my head around this, does this mean any foreign production studio availing Indian VFX services would receive cash value equivalent to 30% of contract value? If it is true, then this would be substantial win for Indian VFX companies. Surprisingly, I couldn’t find this news anywhere else other than Digikore, does anyone know if we can verify it on Indian govt website?
Sharing the document here for everyoneDigikore exchange fillings reference.
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