Published by Authority
No. 19] CHANDIGARH, FRIDAY, MAY 12, 2023 (VAISAKHA 22, 1945 SAKA)
PART I
Punjab Government Notifications and Orders
GOVERNMENT OF PUNJAB
DEPARTMENT OF POWER
(ENERGY BRANCH)
NOTIFICATION
The 8th July, 2022
No.10/63/2022-EV4/2604.-In exercise of the powers conferred by section 12 of the Punjab Electricity (Duty) Act, 2005 (Punjab Act No.9 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to grant hundred percent (100%) exemption to M/s S.T. Cottex Exports Private Limited having its manufacturing unit located at Village Iraq, Kohara Machhiwara Road, District Ludhiana from the payment of electricity duty (except Social Security Fund) for a period of ten years in terms of Detailed Schemes and Operational Guidelines, 2018 (Industrial and Business Development Policy, 2017) in public interest subject to the following conditions, namely:-
CONDITIONS
(i) the exemption, shall be granted to the said Firm for manufacturing of Cotton Compact Yarn as per the conditions contained in the Eligibility Certificate issued by the Convener, State Level Committee vide Endorsement. No. Inc/FI/IBDP/255/S.T. Cottex/Ldh./2772-B, dated the 16th June, 2022;
(ii) the exemption shall be granted for the period from the 04th November, 2021 to 3rd November, 2031 as per the Eligibility Certificate Dated the 16th June, 2022. However, the date of commercial production of the Unit is certified as 07th October, 2019;
(iii) in the event of any revision of rate of electricity duty at any subsequent point of time, the exemption to the extent of revised levied rate of electricity duty (except contributions out of electricity duty e.g. Social Security Fund etc.) shall be applicable to the Unit;
(iv) the electricity duty exemption will be strictly applicable to the consumption recorded vide Sub Meter no. 20434107 installed on 04th November, 2021 out of total connected load of the Unit and the Chief Electrical Inspector shall record the consumption of the Unit under exemption;
(v) the exemption shall not be applicable for the residential area of the said premises and to that effect, an PART I] PUNJAB GOVT. GAZ., MAY 12, 2023 (VYSK 22, 1945 SAKA) 423 undertaking shall be submitted by the Unit that no residential area exists in the premises. If there is a residential area in the premises, in that event, a separate meter has to be installed or a separate electricity connection shall be obtained in order to record the electricity consumption of that residential area, which shall be excluded from the total electricity consumption of the Unit;
(vi) it shall be ensured that the Firm does not connect the load of any other Unit with the Unit for the purpose of availing exemption from electricity duty;
(vii) the exemption shall be strictly in accordance with the Eligibility Certificate issued by the Convener, State Level Committee vide Endorsement. No. Inc/FI/IBDP/255/S.T. Cottex/Ldh./2772-B, dated the 16th June, 2022;
(viii) in case any excess claimed exemption is detected at any point of time, it shall be liable for recovery and penal action under the provisions of the said Act.
To ensure the compliance of the above conditions and proper utilization of the incentive, the Auditors of the office of the Chief Electrical Inspector may inspect the Unit at any time. In case, any violation of any of the provisions of the said Act and the rules made thereunder and Conditions the above is detected, the owner of the Unit shall be liable for action under section 8 of the said Act and the rules made thereunder and the exemption shall automatically cease, for which the owner of the Unit shall be responsible.
sd/-
TEJVEER SINGH,
Chandigarh
Principal Secretary to Government of Punjab, The 7 July, 2022
Department of Power.