Published by Authority
No. 24] CHANDIGARH, FRIDAY, JUNE 16, 2023 (JYAISTHA 26, 1945 SAKA)
PART I
Punjab Government Notifications and Orders
GOVERNMENT OF PUNJAB
DEPARTMENT OF POWER
(ENERGY BRANCH)
NOTIFICATION
The 19th September, 2022
No:10/93/2022-EV4:-3554.-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 Supple Tek Industries Private Limited, Village Chabba, Tarn Taran Road, Amritsar from the payment of electricity duty (except Social Security Fund) for a period of seven years, in public interest and subject to the following conditions, namely:-
CONDITIONS
(i) the exemption, shall be granted to the said firm for its manufacturing unit (Rice shelling) at Village Chabba, Tarn Taran Road Amritsar upto an amount of Twenty-Two percent (22%) of FCI as per the conditions contained in the eligibility certificate issued by the Convener-cum-Joint Director (Incentive), State Level Committee, vide Endorsement No .INC/FI/FIIP/19/Supple Tesk/Asr./2797-A, dated the 10th June, 2022;
(ii) the aforesaid Fixed Capital Investment (FCI) for incentives shall be rupees 34,65,83000/- (rupees thirty four crore,sixty five lakh eighty three thousand only) as approved by the State Level Committee in its meeting held on the 13th April, 2022. However, an amount of rupees 34,35,27,965/- (rupees thirty four crore thirty five lakh twenty seven thousand nine hundred and sixty five only) is granted only for incentives after deduction of amount of already availed subsidy/incentive of rupees 30,55,000/- (rupees thirty lakh fifty five thousands only).
(iii) the eligibility period for availing the electricity duty exemption shall be seven years i.e. from 16th July, 2014 to 15th July,2021 or till the date of exhaustion/utilization of quantum of eligible incentives i.e.rupees 7,55,76,152/-(rupees seven crore fifty five lakh seventy six thousands one hundred and fifty two only) PART I] PUNJAB GOVT. GAZ., JUNE 16, 2023 (JYST 26, 1945 SAKA) 533 i.e. twenty two percent (22%) of FCI whichever is ealier.However the incentive will start from the date of commercial production i.e.11th October,2014. (iv) no incentive shall be provided for the period between the Date of Approval i.e. 16th July, 2014 and the Date of commercial production i.e. 11th October, 2014 as per clause 1.3.6 of FIIP (R) 2013;
(v) in the event of any revision of electricity duty rate at any subsequent point of time, exemption to the extent of such levied rate of electricity duty (except contributions out of electricity e.g. Social Security Fund etc) shall be applicable to the Unit;
(vi) the usage of the power by the Firm during the aforesaid period shall be regulated through a transparent metering arrangement installed or approved by the Punjab State Power Corporation Limited and the Chief Electrical Inspector, to record the consumption of the Unit under exemption;
(vii) the exemption shall not be applicable for the residential area of the said premises and to that effect, an 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;
(viii) it shall be ensured that the firm does not connect the load of any other Unit with this Unit for the purpose of availing exemption from electricity duty;
(ix) the exemption shall be strictly in accordance with the Eligibility Certificate issued by the Convener- cum-Joint Director(Incentive), State Level Committee,vide Endorsement No Inc/FI/FIIP/19/Supple Tek/Asr./2797-A, dated the 10th June, 2022; and
(x) in case any excess claimed exemption is detected at any point of time, it shall be liable for recovery and penal action shall be taken under the provision of the said Act.
To ensure the compliance of the above conditions and proper utilization of 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 the above conditions, 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 14th September, 2022
Department of Power