Published by Authority
No. 6] CHANDIGARH, FRIDAY, FEBRUARY 7, 2025 (MAGHA 18 , 1946 SAKA)
PART I
Punjab Government Notifications and Orders
GOVERNMENT OF PUNJAB
DEPARTMENT OF POWER
(ENERGY BRANCH)
NOTIFICATION
The 31st January, 2024
No.10/30/2022/EV4(3)/328.- 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 forty percent (40%) exemption to M/s Angad Milk Foods Private Limited, Chabhal Bhikiwind Road, Village Panjwad, District Tarn Taran from the payment of electricity duty (except Social Security Fund) for a period of seven years, in the terms of the "Fiscal Incentives for Industrial Promotion (Revised) Policy 2013, in public interest subject to the following conditions, namely:-
CONDITIONS
(i) The exemption shall be granted to the said Firm for manufacturing of Desi Ghee and Skimmed Milk Powder upto an amount of forty percent (40%) of one hundred twenty five percent (125%) of Fixed Capital Investment (FCI), as per the conditions contained in the Eligibility Certificate issued by the Convener, District Level Approval Committee, Tarn Taran, vide Endorsement No. DLAC/Tarn Taran/FIIP-2013/ 513-21, dated the 11th July, 2022;
(ii) the aforesaid Fixed Capital Investment (FCI) for incentives shall be rupees 6,04,49,627/- (rupees six crore four lakh forty nine thousand six hundred twenty seven only) and date of commercial operation of the Unit will be 01st April , 2017 as approved by the District Level Approval Committee (DLAC) in its meeting held on 22nd June, 2022;
(iii) The eligibility period for availing the electricity duty exemption shall be seven years from the date of approval i.e. 31st March, 2016 to 30th March 2023 or till the date of exhaustion or utilization of quantum of 210 PUNJAB GOVT. GAZ., FEBRUARY 7, 2025 (MAGHA 18, 1946 SAKA) PART I] eligible incentives i.e. rupees 2,41,79,851/- (rupees two crore forty one lakh seventy nine thousand eight hundred fifty one only) whichever is earlier, as per the Eligibility Certificate dated 11th July, 2022. However, the date of commercial production of the Unit is certified as 01st April, 2017; (iv) no incentive shall be provided for the period between the date of approval i.e. 31st March, 2016 and the date of commercial production i.e. 01st April, 2017, as per the Fiscal Incentives for Industrial Promotion (Revised) Policy-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, District Level Approval Committee, Tarn Taran, vide Endorsement No. DLAC/Tarn Taran/FIIP-2013/ 513-21, dated the 11th July, 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 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 be ceased, for which the owner of the Unit shall be responsible.
Sd/-
TEJVEER SINGH,
Chandigarh, Additional Chief Secretary to Government of Punjab,
The 30th January, 2024
Department of Power.
3307/2-2025/Pb. Govt. Press, S.A.S. Nagar