M/s Nabha Steel and Metals having its unit located at Sirhind Side, RIMT University Road, Village Ha

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Published by Authority

No. 1] CHANDIGARH, FRIDAY, JANUARY 3, 2025 (PAUSA 13 , 1946 SAKA)

PART I

Punjab Government Notifications and Orders

GOVERNMENT OF PUNJAB

DEPARTMENT OF POWER

(ENERGY BRANCH)

NOTIFICATION

The 5th November, 2024

No. ENRG/10/111/2024/EV3/2878.- 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 Nabha Steel and Metals having its unit located at Sirhind Side, RIMT University Road, Village Harbanspura, Mandi Gobindgarh, Tehsil and District Fatehgarh Sahib (new unit) 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 Billets and H.R. Coil, as per the conditions contained in the Eligibility Certificate issued by the Convener-cum-Deputy Director (Incentive), State Level Committee, vide Endorsement No. INC/FI/IBDP/382/Nabha Steels & Metals/FGS/4788-B, dated the 20th September, 2024;

(ii) the exemption shall be granted from the 16th November, 2022 to 15th November, 2029 as per the Eligibility Certificate dated the 20th September, 2024. However, the date of commercial production of the Unit is certified as 25th November, 2022 (Phase-I) and 14th February, 2023 (Phase-Il);

(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 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;

(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- Deputy Director (Incentive), State Level Committee, vide Endorsement No. INC/FI/IBDP/382/Nabha Steels & Metals/FGS/4788-B, dated the 20th September, 2024; 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 Auditor 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.

RAHUL TEWARI,

Chandigarh

Secretary to Government of Punjab, The 4th November, 2024 Department of Power

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