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PUNJAB GOVT. GAZ., MARCH 15, 2024 (PHGN 25, 1945 SAKA)

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Published by Authority

No. 11]

CHANDIGARH, FRIDAY, MARCH 15, 2024 (PHALGUNA 25, 1945 SAKA)

PART I

Punjab Government Notifications and Orders

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GOVERNMENT OF PUNJAB

DEPARTMENT OF POWER

(ENERGY BRANCH)

NOTIFICATION

The 19th September, 2022

No:-10/92/2022-EV4:-3368.-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 Jagdambay Furnaces Private Limited

Unit-2, having its manufacturing unit located at 838, Village and Post Office Nasrala, Jalandhar Road,

Hoshiarpur-146022 from the payment of electricity duty (except Social Security Fund) for a period of seven

years in terms of the 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 parts and accessories for motor

vehicles such as break, gearboxes, axles, road wheels, suspension, shock absorbers, radiators, silencers,

clutches, steering wheels, steering boxes etc. as per the conditions contained in the Eligibility Certificate

issued by the Convener cum General Manager, DIC Hoshiarpur, District Level Committee, vide

Endorsement No. 1133, dated the 07th June, 2022;

(ii)

the exemption shall be granted for the period from the 11th June, 2019 to 10th June, 2026 as per the

Eligibility Certificate dated the 7th June, 2022. However, the date of commercial production of the Unit

is certified as 12th August,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 usage of the power by the Firm during the aforesaid period shall be regulated through a transparent

PART I]

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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;

(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,DIC Hoshiarpur, District Level Committee, vide Endorsement No. 1133, dated the

7th June, 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 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 be ceased for which the owner of the Unit shall be responsible.

Sd/-

TEJVEER SINGH,

Chandigarh

Principal Secretary to Governmentof Punjab,

The 14th September, 2022

Department of Power.

3063/3-2024/Pb. Govt. Press, S.A.S. Nagar