Published by Authority
No. 22] CHANDIGARH, FRIDAY, MAY 31, 2024 (JYAISTHA 10, 1946 SAKA)
PART I
Punjab Government Notifications and Orders
GOVERNMENT OF PUNJAB
DEPARTMENT OF POWER
(ENERGY BRANCH)
NOTIFICATION
The 8th February, 2023
N0.10/12/2023-EV4/504.-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 Punjab Steels having its manufacturing unit located at Amloh Road Village Touran, Mandi Gobindgarh, Tehsil Amlah, District Fatehgarh Sahib 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 manufacturing of Billet, Re-rolled Products ie. Round TMT Bar, Round as per the conditions contained in the Eligibility Certificate issued by the Convener, District Level Committee, Fatehgarh Sahib vide Endst. No. DIC/MGG/2913-2920, dated the 21st December, 2022;
(ii) the exemption shall be granted for the period from the 29th March, 2022 to 28th March, 2029 or the date of exhaustion or utilization of quantum of eligible incentive i.e rupees 10,11,91,000/-(rupees ten crore eleven lakh ninety one thousand only) whichever is earlier, as per the Eligibility Certificate dated the 21st December, 2022.
However the date of commercial production of the Unit after expansion is also certified as 29th March 2022;
(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 314 PUNJAB GOVT. GAZ., MAY 31, 2024 (JYST 10, 1946 SAKA) PART I] (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, District Level Committee, Fatehgarh Sahib vide Endst. No. DIC/MGG/2913-2920, dated the 21st December, 2022; and
(viii) In case any exemption claimed in excess 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 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,
Department of Power.