PART I]
PUNJAB GOVT. GAZ., FEBRUARY 2, 2024 (MAGHA 13, 1945 SAKA)
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Published by Authority
No. 5]
CHANDIGARH, FRIDAY, FEBRUARY 2, 2024 (MAGHA 13, 1945 SAKA)
PART I
Punjab Government Notifications and Orders
( 61 )
GOVERNMENT OF PUNJAB
DEPARTMENT OF POWER
(ENERGY BRANCH)
NOTIFICATION
The 4th August, 2022
No.10/62/2021/EV4/2966.-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 Top Gear Fashions, Village Taraf
Karabara, Hadbast No. 161, Tehsil and District Ludhiana from the payment of electricity duty (except
Social Security Fund) for a period of four 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 (Garments) at Village Taraf
Karabara, Hadbast No. 161, Tehsil and District Ludhiana upto an amount of Twenty-Five percent
(25%) of FCI 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/3950 dated
the 10th August, 2021;
(ii)
the aforesaid Fixed Capital Investment (FCI) for incentives shall be Rs. 1,97,30,000/- (rupees one crore
ninety seven lakh thirty thousand only) as approved by the District Level Committee in its meeting held
on the 13th July, 2021. However, the total incentive accruable to the Unit as per clause 1.3.9 is Rs.
1,70,76,000/- (rupees one crore seventy lakh seventy six thousand only), after deduction of availed
subsidy under Technology Upgradation Fund Scheme amounting of rupees 26.54 Lakhs;
(iii)
the eligibility period for availing the electricity duty exemption shall be four years from the date of
approval i.e. 13th November, 2017 to 12th November, 2021 as per Eligibility Certificate dated the
10th August, 2021 and in accordance with the Clause 1.2.1.7 and Chapter-3 of Fiscal Incentives for
Industrial Promotion (Revised)-2013 or till the date of exhaustion or utilization of quantum of eligible
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PUNJAB GOVT. GAZ., FEBRUARY 2, 2024 (MAGHA 13, 1945 SAKA)
PART I]
incentives i.e. Rs. 42,69,000/-(Rupees forty-two lakh sixty-nine thousand only) Twenty-Five percent
(25%) of Fixed Capital Investment, whichever is earlier. However, the date of Commercial Operation
is 27th October, 2016;
(iv)
no incentive shall be provided for the period between the Date of Commercial Production i.e.
27th October, 2016 and the Date of Approval i.e. 13th November, 2017 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-General Manager, District Level Committee, Ludhiana vide Endorsement No. DIC/LDH/3950
dated the 10th August, 2021; 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 officer or
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 or the rules
made thereunder and exemption shall automatically cease, for which the supplier and owner of the Unit shall be
responsible.
Sd/-
TEJVEER SINGH,
Chandigarh
Principal Secretary to Government of Punjab,
The 2nd August, 2022
Department of Power.
3025/1-2024/Pb. Govt. Press, S.A.S. Nagar