Subsidy eligibility for industrial units clarified: defines eligible components and certification requirements for service, biotech and power sectors. The amendment treats specified Service Sectors, Bio-technology and Power Generating Industries as industrial units, using the date they become operational as the date of commencement of commercial production for subsidy eligibility. It prescribes which components qualify for computing the eligible amount of subsidy: building construction (excluding land) and non-consumable capital items for service activities; defined 'Plant & Machinery' and civil infrastructure (excluding consumables and land) for biotechnology; and site-erected plant, associated buildings, auxiliary equipment and initial spares (excluding land and working capital) for power generation. The amendment also prescribes documentary, certification and verification requirements and delegates final decisions on disputed essential items to the Department of Industrial Policy and Promotion.
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Subsidy eligibility for industrial units clarified: defines eligible components and certification requirements for service, biotech and power sectors.
The amendment treats specified Service Sectors, Bio-technology and Power Generating Industries as industrial units, using the date they become operational as the date of commencement of commercial production for subsidy eligibility. It prescribes which components qualify for computing the eligible amount of subsidy: building construction (excluding land) and non-consumable capital items for service activities; defined "Plant & Machinery" and civil infrastructure (excluding consumables and land) for biotechnology; and site-erected plant, associated buildings, auxiliary equipment and initial spares (excluding land and working capital) for power generation. The amendment also prescribes documentary, certification and verification requirements and delegates final decisions on disputed essential items to the Department of Industrial Policy and Promotion.
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