PART I]
PUNJAB GOVT. GAZ., OCTOBER 6, 2023 (ASVN 14, 1945 SAKA)
861
Published by Authority
No. 40]
CHANDIGARH, FRIDAY, OCTOBER 6, 2023 (ASVINA 14, 1945 SAKA)
PART I
Punjab Government Notifications and Orders
( 861 )
GOVERNMENT OF PUNJAB
DEPARTMENT OF POWER
(ENERGY BRANCH)
NOTIFICATION
The 2nd August, 2022
No. 10/59/2022-EV4/2895.-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 Atul Fasteners having its expansion unit
located at Village Nandpur, H.B No. 233 Sahnewal, Ludhiana from the payment of electricity duty (except
Social Security Fund) for a period of seven years, in terms of the Detailed Scheme 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 its unit of manufacturing of metal fasteners
(Nails, Rivets, Tacks, Pins, Staples, Washers and similar non-threaded products and Nuts, Bolts, Screws
and other threaded products) as per the conditions contained in the Eligibility Certificate issued by the
Convener-Cum-General Manager District Level Committee, Ludhiana vide Endorsement No.
DIC/LDH 2111 dated 25th May, 2022;
(ii)
the exemption shall be granted for the period from the 14th June, 2021 to 13th June, 2028 or the date of
exhaustion or utilization of quantum of eligible incentive i.e.`2,80,90,000/-(` Two Crore Eighty Lakh
Ninety Thousands only) whichever is earlier, as per the Eligibility Certificate dated 25th May, 2022. The
date of commercial production of the unit after expansion is certified as 14th June 2021;
(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;
862
PUNJAB GOVT. GAZ., OCTOBER 6, 2023 (ASVN 14, 1945 SAKA)
PART I]
(iv)
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 Chief
Electrical Inspector to 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
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 this 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-
Cum-General Manager District Level Committee vide Endorsement No. DIC/LDH 2111 dated
25th May, 2022 and
(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 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 Punjab Electricity (Duty) Act, 2005 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 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 28th July, 2022
Department of Power.
2936/10-2023/Pb. Govt. Press, S.A.S. Nagar