Published by Authority
No. 51] CHANDIGARH, FRIDAY, DECEMBER 20, 2024 (AGRAHAYANA 29, 1946 SAKA)
PART I
Punjab Government Notifications and Orders
GOVERNMENT OF PUNJAB
DEPARTMENT OF POWER
(ENERGY BRANCH)
NOTIFICATION
The 4th June, 2023
No.10/69/2023/EV4/3034.-In exercise of the powers conferred by section 12 of the Punjab Electricity (Duty) Act, 2005 (Punjab Act 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 Sheetal Industries, Village Shahpur, Khanna-Amloh Road, Tehsil Amloh, District Fatehgarh Sahib from the payment of electricity duty (except Social Security Fund) for a period of seven years, in public interest, subject to the following conditions, namely:-
CONDITIONS
(1) the exemption, shall be granted to the said firm for manufacturing of Cattle Feed, Poultry Feed unit situated at aforesaid address. District Level Committee (DLC) approved the amount of Fixed Capital Investment (FCI) as per the conditions contained in the eligibility certificate issued by the Convener- cum-General Manager. District Level Committee, Fatehgarh Sahib vide Memo No. 2392, dated the 19th September, 2022;
(ii) the aforesaid Fixed Capital Investment (FCI) for incentives shall be rupees 2,75,35,856 (rupees two crore seventy-five lakh thirty-five thousand eight hundred fifty-six only) and the date of commercial operation of the Unit is 05th February, 2016 as approved by the District Level Committee (DLC) in its meeting held on the 31st August, 2022.
(iii) the eligibility period for availing the electricity duty exemption shall be seven years from the date of approval i.e. 10th September, 2016 to 09th September, 2023 or till the date of exhaustion or utilization of quantum of eligible incentives i.e. 100% of Fixed Capital Investment (FCI) rupees 2,75,35.856 994 PUNJAB GOVT. GAZ., DECEMBER 20, 2024 (AGHN 29, 1946 SAKA) PART I] (rupees two crore seventy-five lakh thirty five thousand eight hundred fifty-six only) whichever is earlier. However, the date of commercial operation is 05th February, 2016;
(iv) no incentive shall be provided for the period between the date of approval and date of commercial production as per Fiscal Incentive for Industrial Promotion (Revised) 2013;
(v) 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;
(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, Fatehgarh Sahib vide Memo No. 2392, dated 19th September, 2022; and
(x) 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 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 or 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 22nd June, 2023
Department of Power.