Govt. Resolution of the Package Scheme of Incentives 2001.
Package Scheme of Incentives, 2001
GOVERNMENT OF MAHARASHTRA
INDUSTRIES, ENERGY AND LABOUR DEPARTMENT
Resolution No. IDL-1021/( CR-73 )/IND-8
Mantralaya, Mumbai - 400 032,
Dated the 31st March 2001
Read:
PREAMBLE
In order to encourage the dispersal of industries to the less developed areas of the State, Government has been giving a Package of Incentives to New / Expansion Units set up in the developing region of the State since 1964 under a Scheme popularly known as the Package Scheme of Incentives.
2. The Package Scheme of Incentives, introduced in 1964, was amended from time to time. The last amended Scheme, commonly known as the 1993 Scheme was operative from the 1st October, 1993 to 31st March, 2001.
3. Government recognizes the need to address the emerging challenges in the phase of second generation economic reforms, the need for encouraging hi-tech and sunrise industries in the Information Technology and other fields to reap the strengths of the State in its developed areas, and to facilitate exports from the State. In the wake of the national consensus for abolishing the sales tax based incentives, the further rationalization of incentives, their scales and mode of release was under the consideration of the Government. Government have decided to revise the 1993 Scheme and bring into force a New Scheme, viz. the Package Scheme of Incentives, 2001 (hereinafter referred to as the 2001 Scheme) for intensifying and accelerating the process of dispersal of industries to the less developed regions and promoting high-tech industry in developed areas of the State coupled with the object of generating mass employment opportunities.
RESOLUTION
The Package Scheme of Incentives as last modified was continued upto the 31st March, 2001 by Government Resolution, Industries, Energy and Labour Department, No. IDL- 1020/(204)/IND-8, dated the 12th May, 2000. Government is pleased to direct that the Package Scheme of Incentives 2001 will be brought into effect from the 1st April, 2001 upto 31st March, 2006, with the following provisions:
1. SCOPE:
1.1 Coverage under the 2001 Scheme -
The following categories of Eligible industrial and other Units in the Private Sector, State Public Sector/ Joint Sector, and the Co-operative Sector but not in the Central Public Sector will be considered for incentives under the 2001 Scheme -
Explanation: In the case of poultry and agro industries, only capital expenditure on land, building and equipment will be considered eligible for incentives.
The 2001 Scheme, as may be amended by the Government from time to time, shall remain in operation for a period of five years from 1st April, 2001 to 31st March, 2006.
For the purpose of the 2001 Scheme, the classification of the areas of the State shall be as indicated below:-
(i) Group A: comprising the developed areas, viz. Mumbai Metropolitan Region (MMR) and Pune Metropolitan Region (PMR).
(ii) Group B: comprising the areas where some development has taken place.
(iii) Group C: comprising the areas, which are less developed than those covered under Group B.
(iv) Group D: comprising the lesser developed areas of the State not covered under Group A/ Group B/ Group C.
(v) Group D+: comprising those least developed areas not covered under Group A/Group B/Group C/Group D.
The detailed talukawise classification of the areas of the State made accordingly has been indicated in Annexure I to this Resolution.
Consequent upon creation of new Districts in the State, viz. Gondia, Vashim and Nandurbar, a few Talukas are also created by carving out some area from the erstwhile un-bifurcated adjacent Talukas. In such cases, the classification of the areas so carved out will be the same as that of the erstwhile Taluka(s) from which the areas are carved out.
The matter of revision of the area classification is under consideration of the Government. A Committee under the Chairmanship of the Minister (Industries) will consider revision of the area classification, which will be notified in due course, with prospective effect.
2. IMPLEMENTING AGENCIES:
The Implementing Agencies for the purpose of the 2001 Scheme shall be as follows:-
(1) For Small Scale Industry (SSI) Units, and Information Technology units, Biotechnology Units and Non-conventional energy units (which may not be registerable as SSI but as may be specified by Government from time to time) having investment within the ceiling prescribed for SSI - The concerned District Industries Centre (DICs) and the Office of Joint Director of Industries (Mumbai Metropolitan Region) [JDI (MMR)] in respect of Mumbai and Mumbai Suburban Districts.
Explanation -
(b) The eligible unit will continue to remain with the JDI (MMR) or DIC which had issued an Eligibility Certificate (EC) in favour of the Eligible Unit, for the purposes of incentives and other connected matters, even if the Eligible Unit ceases to be an SSI Unit or exceeds the investment ceiling prescribed for SSI. In other words, even when an Eligible SSI Unit graduates to Large Scale Sector, the Eligible Unit shall continue to remain with the JDI (MMR) / DIC, which issued the EC in favour of the Unit.
(c) Where an Eligible Unit has been issued an EC under any of the Schemes prior to the 1993 Scheme by a Regional Development Corporation (RDC), it will be covered for benefits under the 2001 Scheme according to its status as SSI or Large Scale Industry (LSI) consequential to new/expansion/diversification project. It shall accordingly file its application with the concerned Implementing Agency.
(2) For Large Scale (LSI) Units, Hotel Units, and for Information Technology units, Biotechnology Units and Non-conventional energy units exceeding the investment ceiling prescribed for SSI the application should be filed with SICOM Limited,
3. DEFINITIONS:
3.1 Date of Effect of Eligibility-
An Eligibility Certificate under the 2001 Scheme will be issued by the Implementing Agency after ascertaining that the eligible unit has complied with the provisions of the Scheme and has commenced its commercial production. The EC will be issued with effect from the date of commencement of commercial production by the Eligible Unit. The date of commencement of commercial production will be determined by the Unit supported by the relevant extract of the excise register or, in case excise is not applicable by the first sale bill is issued by the unit in respect of such production. For the purpose of the EC, the date of commencement of commercial production will be deemed to be the first day of the month following the month in which such production has commenced.
The Implementing Agency will send a copy of the EC to the MSEB, BSES, or other such agency supplying power, and the Electrical Inspector.
3.2 Earlier Scheme-
'Earlier Scheme' shall mean and include-
[viii] The 1988 Scheme outlined in the Government Resolution, Industries, Energy and Labour Department, No. IDL-1088/(6603)/IND-8, dated the 30th September, 1988 read with the Government Resolution, Industries, Energy and Labour Department, No. IDC-2188/(11324)/IND-14 dated the 8th November, 1988, the Government Resolution, Industries, Energy and Labour Department, No. IDL-1088/(7018)/IND-8 dated the 31st January, 1989 and the Government Resolution, Industries, Energy and Labour Department, No. IDL-1088/(7056)/IND-8 dated the 22nd February, 1989, and
[ix] The 1993 Scheme outlined in Government Resolution, Industries, Energy and Labour Department, No. IDL-1093/(8889)/IND-8, dated the 7th May, 1993 as amended from time to time.
3.3 Effective Steps-
Effective Steps shall comprise Initial Effective Steps and Final Effective Steps defined as follows:-
I. Initial Effective Steps shall mean and include:-
II. Final Effective Steps shall mean and include:-
Explanation-
Based on the documentary evidence laid by the Eligible Unit, the Implementing Agency shall determine the date on which the Initial and Final Effective Steps are completed, subject to such directions as the Government may issue from time to time.
3.4 Existing Unit-
An Existing Unit shall mean and include-
(i) A Unit which has been set up and is in production on or any time prior to 31st March, 2001, for any period whatsoever, or
(ii) A Unit which has been granted an EC or availed of any incentives under any of the Earlier Schemes, or
3.5 Finished Product-
Finished product shall mean and include the item/s of manufacture by the Eligible Unit as considered under the project scheme approved by the concerned term lending agency and / or by the Implementing Agency, together with by-product /scrap which may be get generated as incidental to and during the main production activity.
3.6 Fixed Assets-
The term Fixed Assets shall mean and include:-
3.7 Gross Fixed Capital Investment-
(I) Gross Fixed Capital Investment shall mean and include, in the case of:
Explanation-
Example: For example, the Existing Unit starts acquiring new fixed assets acceptable to Implementing Agency at any time from 1st April, 2001 to 31st March, 2002, which are not a part of the earlier project accepted by the Implementing Agency considered for incentives under the earlier Scheme. The Existing Unit has gross fixed capital investment (not depreciated value) of Rs. 100/- as on 31st March, 2001. The Existing Unit will be entitled to additional for admissible incentives only if investment in the proposed new fixed assets is more than Rs.25/- (i.e. more than 25%). The eligible investment for admissibility of various incentives will be worked out at the rate of 75% of the actual investment incurred in new fixed assets thus acquired by the Existing Unit.
(ii) Shifting of fixed assets
The depreciated value of Fixed Assets on the date of shifting on the basis of the method of depreciation adopted by the Unit during the immediate preceding 3 years or during such shorter period during which the Unit has been in existence, together with the actual expenditure incurred on dismantling, transportation, insurance and re-erection which is allowed to be and is capitalised under the Indian Income Tax Act.
Provided that:
(II) Fixed Assets acquired by an Eligible Unit and forming part of the Gross Fixed Capital Investment cannot be disposed of / sold / shifted / written off except with the prior written permission of the Implementing Agency. Such permission shall be applied for by the Eligible Unit at least one month prior to the contemplated disposal / sale / shifting within State / written off of the Fixed Assets. The Implementing Agency may ordinarily grant such permission if it is satisfied that the overall production capacity of the Eligible Unit will not thereby suffer and that the Eligible Unit has definite plans/proposals for replacement of the Fixed Assets being disposed of / sold / written off either by similar Fixed Assets or by Fixed Assets with better output / higher production capacity with or without change in the finished product/s. However, shifting of assets will be permitted only if the contemplated shifting is to a place in an equivalent or lesser-developed area of the State (e.g. from 'C' to 'C' or 'D' area, but not from 'C' to 'B' area as per the area classification at Annexure - I.)
(III) Subject to the provisions of paras (I) and (II) above, the Gross Fixed Capital Investment at the end of each year will be computed as Gross Fixed Capital Investment at the beginning of the year, plus additions as per the approved project scheme made, if any, to the Gross Fixed Capital Investment during the year, less the original value of any Fixed Assets of the Eligible Unit shifted disposed of / sold / written off, if any, during the year.
(IV) If the admissible Gross Fixed Capital Investment as endorsed in the EC is reduced as a result of any shift / disposal / sale / write off / replacement of the Fixed Assets, the ceiling as endorsed in the EC shall be reduced proportionately and if the incentives availed by the Eligible Unit exceed the ceiling revised as a result of shifting / disposal / sale / write off / replacement, the benefits availed in excess of such revised ceiling shall stand recoverable/refundable forthwith with interest at the rate of 15% from the date of such excess availment till the date of actual payment.
(V) Any increase in the Gross Fixed Capital Investment as a result of replacement of any of the Fixed Assets earlier considered under the EC shall not entitle the Eligible Unit to have the ceiling for incentives pro-rata revised upward except under para 3.7 (I) (i) (b) above.
3.8 New Unit-
A New Unit shall mean a Unit which is set up for the first time by an entity in the Private Sector / Co-operative Sector / State Public Sector / Joint Sector in any Taluka where there is no Existing Unit set up by the said entity provided that the Unit satisfies the following conditions:-
(a) It is not an Existing Unit.
(b) At least one of the Final Effective Steps is completed on or after 1st April, 2001 for setting up the Unit.
(c) It is not formed as a result of re-establishment, mere change of ownership, change in the constitution, reconstruction or revival of an Existing Unit.
Explanation-
The incentives available to a New Unit under the 2001 Scheme shall, however, be available to units which get established as result of purchase of assets of Existing / Defunct / Closed / Sick Units subject to and to the extent mentioned in Annexure II to this Resolution.
3.9 Period of Eligibility-
The period of eligibility applicable to an Eligible Unit will be as per paras 5.2, 5.3 and 5.4 and shall be computed from the date of commercial production as contained in the EC and depending on the nature and location of the Eligible Unit, during which the incentives will be available to the Eligible Unit subject to fulfillment of the conditions of the 2001 Scheme.
Example: For example, an Eligible New SSI Unit located in D area has obtained EC and its date of commencement of commercial production is 1st January, 2002. The Eligible Unit will be entitled to Special Capital Incentives at the rate of 30% of its eligible investment subject to a ceiling of Rs. 20 lakhs. The Unit will also be entitled to octroi refund in the form of grant restricted to 100% of the admissible fixed assets for a period of 7 years, and exemption from payment of electricity duty for a period of 15 years. In addition, if the Unit is textile unit in SSI Sector, it would be entitled to interest subsidy for a period of 5 years subject to a ceiling of Rs.20 lakhs.
3.10 Procedural Rules-
'Procedural Rules' shall mean and include the rules as laid down under Government Resolution, Industries, Energy and Labour Department, No.IDL-7079/95227/(2540)/IND-8, dated the 11th August, 1980 as amended from time to time. In case of any conflict, the provisions of this Govt. resolution shall prevail.
3.11 Sick Unit-
A 'Sick Unit' shall mean and include an SSI Unit so considered and certified by the Directorate of Industries, or LSI Unit so considered by the Board for Industrial and Financial Reconstruction (BIFR).
3.12 Year-
'Year' shall mean the financial year, i.e. 1st April to 31st March.
4. GENERAL PROVISIONS:
4.1 Application for Eligibility-
(1) An application for eligibility under the 2001 Scheme shall be filed by an Eligible Unit only after it has taken all the Initial Effective Steps but not later than the 31st March, 2006. It shall be supported by documentary evidence in regard to completion of the Effective Steps.
(2) For claiming eligibility under the 2001 Scheme, an Eligible Unit shall also complete all the Final Effective Steps on or before the 31st March, 2007.
(3) If an Eligible Unit has filed an application with the Implementing Agency on or before the 31st March, 2001 after completion of the Initial Effective Steps, or has filed an application on or before 31st March, 2000 in accordance with the Govt. resolution No. IDL-1020/(5)/IND-8, dated 23rd March, 2000 for incentives under the 1993 Scheme, but has failed to complete all the Final Effective Steps within the period prescribed in the 1993 Scheme, the application of the Unit shall be automatically considered under the 2001 Scheme. However, the incentives applicable to such an Eligible Unit shall be at the scales under the 1993 Scheme or the 2001 Scheme, whichever is lower.
(4) An application for eligibility shall be submitted to the Implementing Agency at least three months prior to the expected date of commencement of commercial production. If there is any delay, the period and entitlement will be curtailed proportionately. An Eligible Unit shall comply with the requirements preceding the issue of the EC to ensure obtaining the EC within six months from the date of commencement of commercial production as laid down in the Procedural Rules.
4.2 Claim for Incentive-
No right or claim for any incentives under the 2001 Scheme shall be deemed to have been conferred by the 2001 Scheme merely because the applicant Unit has fulfilled the conditions of the 2001 Scheme. The incentives under the 2001 Scheme cannot be claimed unless an EC has been issued under the 2001 Scheme by the Implementing agency and the Eligible Unit has complied with the stipulations/conditions of the EC. The Implementing Agency shall issue EC to the Eligible Unit within two months of the unit complying with the stipulations of the 2001 Scheme.
4.3 Priority for Disbursement-
The disbursement of the incentives by the Implementing Agency shall be in accordance with the chronological order of approved claims. Priority shall, however, be given to Sick Units and 100% Export Oriented Units.
Explanation-
The release of incentives to an Eligible Unit, which has turned sick during the eligibility period, shall be considered on priority only if and when a scheme for rehabilitation has been approved and implemented under the BIFR provisions or with the approval and to the satisfaction of the Directorate of Industries, respectively for LSI and SSI Units.
5.0 INCENTIVES:
5.1 Special Capital Incentives (SCI) for SSI Units-
|
AREA (Group) |
Quantum as % of Fixed Capital Investment |
Ceiling (Rs. lakhs) |
|
C |
20 |
10 |
|
D |
30 |
20 |
|
D+ |
35 |
25 |
|
No Industry District |
40 |
35 |
Example: An Eligible Unit located in D area is granted EC with effect from 1st January, 2002. If its eligible fixed capital investment is Rs. 100/-, the amount of SCI will be Rs. 20/-. The Eligible Unit will be entitled for disbursement of SCI of Rs. 4/- on 1st January, 2003 and every year upto 1st January, 2007. If Govt. releases funds for disbursement of SCI in October, 2005, the Eligible Unit will be disbursed Rs. 12/- from the allocated funds, in accordance with the chronological order of the claim/s approved for the Eligible Unit.
|
Taluka/Area classification |
Monetary ceiling (Rs. in lakhs) |
Maximum period of eligibility (in years) |
|
C |
10 |
4 |
|
D |
20 |
5 |
|
D+ |
25 |
6 |
|
No Industry District |
35 |
7 |
5.3 Refund of Octroi / Entry Tax in lieu of Octroi-
5.4 Exemption of Electricity Duty-
An Eligible New Unit in C, D, and D+ areas and No-Industry District(s) will be exempted from payment of Electricity Duty for a period of 15 years. In other parts of the State, 100% Export Oriented Units (EOUs), Information Technology (IT) and Bio-Technology (BT) units, and industries setting up in Special Economic Zones (SEZs) and in Electronic Hardware Technology Parks will be exempted from payment of Electricity Duty for a period of 10 years.
Necessary Notification under the provisions of the Electricity Duty Act 1958 will be issued separately by Energy Department.
6. MONITORING AND REVIEW:
6.1 Monitoring and Review of the Fixed Capital Investment and Production activities of the Eligible Unit-
With a view to monitoring the production activities of and the establishment of Fixed Assets by the Eligible Unit in relation to the incentives available under the 2001 Scheme, and ensuring that the two year during the period of eligibility and also thereafter during the operative period of the agreement entered into by the Eligible Unit, the following procedure is laid down.
By order and in the name of the Governor of Maharashtra,
(M.D. SARWANKAR)
Deputy Secretary to Government
To
The Director General of Information and Public Relations, Mumbai (5 copies) with a request to issue a suitable press note and arrange for giving a wide publicity to the contents of this Resolution in all leading newspapers including local and mofussil papers in Maharashtra.
Copy to:
Development Commissioner (Industries), Mumbai-400032 (500 copies),
Managing Director, SICOM Ltd., Mumbai-400021 (5,000 copies),
Managing Director, Maharashtra State Financial Corporation, Mumbai-400001 (500 copies)
All General Managers, District Industries Centres (250 copies each)
Managing Director, Development Corporation of Konkan Ltd., Mumbai.
Managing Director, Marathwada Development Corporation Ltd., Aurangabad.
Managing Director, Development Corporation of Vidarbha Ltd., Nagpur.
Managing Director, Western Maharashtra Development Corporation Ltd., Pune.
Managing Director, Maharashtra Small-Scale Industries Development Corporation Ltd., Mumbai.
Chief Executive Officer, Maharashtra Industrial Development Corporation, Mumbai (25 copies)
All Divisional Commissioners (10 copies each)
All Collectors and Deputy Industries Commissioners (10 copies each)
All Joint Directors of Industries (50 copies each)
Commissioner of Sales Tax, Mumbai (1,200 copies)
The Finance Department, (PSU-I)
All other Departments at Mantralaya.
All Desk Officers in Industries, Energy and Labour Department.
The Industries, Energy and Labour Department (IND-8, Select file).
The Accountant General, Maharashtra - I, Mumbai.
The Accountant General, Maharashtra - II, Nagpur.
The Pay and Accounts Officer, Mumbai.
The Resident and Audit Officer, Mumbai.
Copy for information to:
Secretary to Chief Minister, Mantralaya, Mumbai.
Secretary to Deputy Chief Minister, Mantralaya, Mumbai.
Private Secretary to Minister (Industries)
Private Secretary to Minister of State for Industries, Mumbai.
Personal Assistant to Chief Secretary.
Personal Assistant to Principal Secretary (Finance).
Personal Assistant to Principal Secretary (Planning).
ANNEXURE I
CLASSIFICATION OF TALUKAS
|
District |
Group A |
Group B |
Group C |
Group D |
Group D+ |
|
Greater Mumbai |
Greater Mumbai |
||||
|
Thane |
Bhivandi Kalyan Thane Ulhasnagar Vasai |
Dahanu Palghar |
Murbad Shahapur |
Jawhar Mokhada Talasari Wada |
|
|
Raigad |
Alibag @ Karjat @ Khalapur @ Panvel @ Pen @ Uran |
Alibag $ Khalapur $ Panvel $ Pen $ Roha $ Sudhagad |
Karjat $ Mahad Mangaon Mhasala Murud Shrivardhan |
Poladpur |
|
|
Ratnagiri |
Ratnagiri |
Chiplun Dapoli Guhagar |
Khed Lanja Mandangad Rajapur Sangameshwar |
||
|
Sindhudurg |
Deogad Kankavli Kudal Malvan Valbhavwadi Vengurla |
Sawantwadi |
@ : Within BMR $ : Outside BMR
|
District |
Group A |
Group B |
Group C |
Group D |
Group D+ |
|
Pune |
Haveli * Khed * Maval * Mulshi * Pune City |
Bhor Haveli ** Maval ** Mulshi ** Shirur |
Baramati Daund Indapur Junnar Khed ** Purandhar Velhe |
Ambegaon |
|
|
Solapur |
Malshiras Solapur (N) excluding Chincholi Industrial Area |
Akkalkot Barshi Mohol Pandharpur Chincholi Industrial Area in Mohol and Solapur (N) talukas Solapur (S) |
Karmala Madha Mangalwedhe Sangola |
||
|
Satara |
Karad Koregaon Phaltan Satara Wai |
Khandala Mahabaleshwar Man Patan |
Jaoli Khatav |
||
|
Sangli |
Khanapur Miraj |
Entire District excluding Khanapur, Miraj and Shirala talukas |
Shirala |
||
|
Kolhapur |
Karveer Shirol |
Bavada Chandvad Hatkanangale Kagal Panhala Radhanagari Shahuwadi |
Ajra Bhudargad Gadhinglaj |
* : within PMR, ** : outside PMR
|
District |
Group A |
Group B |
Group C |
Group D |
Group D+ |
|
Nasik |
Malegaon Nasik |
Baglan Niphad Sinnar Yeola |
Nandgaon Igatpuri |
Chandwad Dindori Kalwan Peth Surgana |
|
|
Ahmednagar |
Ahmednagar Kopergaon Sangamner Srirampur |
Akola Rahuri |
Karjat Pathardi Sheogaon Srigonda |
Jamkhed Newase Parner |
|
|
Dhule |
Dhule Sakri Shahada Shirpur Sindkhed Talode |
Akkalkuva Akarani Nandurbar Nawapur |
|||
|
Jalgaon |
Amalner Bhadgaon Erandol Jalgaon Jamner Pachora Parola Raver Yawal |
Bhusawal Chalisgaon Chopada Edalabad |
|
District |
Group A |
Group B |
Group C |
Group D |
Group D+ |
|
Aurangabad |
Aurangabad Municipal Corporation (AMC) Area Aurangabad taluka excluding Walunj Industrial Area |
Walunj Industrial Area. Talukas other than Aurangabad Paithan Soegaon, Vaijapur and AMC Area |
Paithan Soegaon Vaijapur |
||
|
Jalna |
Jalna |
Ambad Badnapur Bhokardan Ghangsavangi Jafferbad Mantha Partur |
|||
|
Beed |
Talukas other than Ashti, Kaij and Patoda |
Ashti Kaij Patoda |
|||
|
Osmanabad |
Talukas other than Omerga and Tuljapur |
Omerga Tuljapur |
|||
|
Parbhani |
Talukas other than Jintur and Selu |
Jintur Selu |
|||
|
Latur |
Talukas other than Ahmedpur, Ausa and Udgir |
Ahmedpur, Ausa, Udgir |
|||
|
Nanded |
Talukas other than Bhokar, Deglur, Hadgaon, Kinwat and Mukhed |
Bhokar Deglur, Hadgaon, Kinwat, Mukhed |
5. AMARAVATI DIVISION
|
District |
Group A |
Group B |
Group C |
Group D |
Group D+ |
|
Amravati |
Amravati Municipal Corporation (AMC) Area |
Amravati taluka excluding AMC Area, Chandur Railway, Talukas other than Achalpur, Chandur Bazar and Chikaldara |
Achalpur, Chandur Bazar, Chikhaldara. |
||
|
Akola |
Talukas other than Murtizapur and Washim |
Murtizapur, Washim |
|||
|
Buldhana |
Talukas other than Chikhali and Shegaon |
Chikhali Shegaon |
|||
|
Yavatmal |
Talukas other than Darwah, Pusad and Wani |
Darwah, Pusad, Wani |
|
District |
Group A |
Group B |
Group C |
Group D |
Group D+ |
|
Nagpur |
Nagpur Muncipal Corporation (NMC) Area |
Talukas other than Katol, Savner, Umred and NMC Area |
Katol, Savner, Umred |
||
|
Bhandara |
Talukas other than Devadi and Tiroda |
Devadi Tiroda |
|||
|
Wardha |
Talukas other than Devali |
Devali |
|||
|
Chandrapur |
Talukas other than Mul, Rajura and Warora |
Mul Rajura Warora |
|||
|
Gadchiroli |
Entire District |
ANNEXURE II
NATURE OF INCENTIVES AND CONDITIONS FOR GIVING THOSE INCENTIVES
FOR TYPICAL CASES REFERRED TO IN PARA 3.8
|
Types of case |
Conditions for incentives under the 1993 Scheme |
|
|
(I) |
No incentive availed of |
|
|
The incentives upto the corresponding ceilings shall be related and restricted only to the additional Fixed Capital Investment by the Unit (i.e. the investment in the fixed assets of the Existing Unit shall be excluded). |
|
|
(II) |
Incentive availed partly and the unit transferred |
|
|
|
The Transferee will be considered eligible as a New Unit provided the incentives availed by the Transferor are repaid fully in accordance with the 2001 Scheme / Procedural Rules without interest. |
|
|
(III) |
Period of incentives of the Existing Unit expired but operative period of the agreement not expired |
|
|
|
|
|
|
(IV) |
Assets of New Units eligible under 2001 Scheme transferred before availing of incentives |
|
|
Eligible as a New Unit |
|
|
(V) |
Takeover and transfer by Financial Institutions |
|
|
|
|
ANNEXURE III
|
Description |
Period of making investment |
|
|
Vidharbha & Marathwada |
Rest of Maharashtra |
|
|
SSI Units |
2 years |
2 years |
|
Other than SSI but investment upto Rs.300 crores |
3 years |
3 years |
|
Investment more than Rs.300 crores but upto Rs.400 crores |
4 years |
- |
|
Investment more than Rs.400 crores but upto Rs.500 crores |
5 years |
- |
|
Investment more than Rs.500 crores but upto Rs.750 crores |
7 years from the date of last of the final effective steps or date of commencement of commercial production whichever is later |
5 years from the date of last of the final effective steps for date of commencement of commercial production whichever is later |
|
Investment more than Rs.750 crores |
As above |
As above |
|
Investment of Rs.300 crores or more than but less than Rs.450 crores |
- |
4 years |
|
Investment more than Rs.450 crores but upto Rs.600 crores |
- |
5 years |
|
Investment more than Rs.600 crores but upto Rs.750 crores |
- |
5 years |
|
Investment more than Rs.750 crores |
5 years from the date of last of the final effective steps or date of commencement of commercial period whichever is later |
5 years from the date of last of the final effective steps or date of commencement of commercial period whichever is later |