Approval under section 10(23G) secures tax-exempt status for a BOT container terminal, subject to compliance and audit. Approval is granted to M/s PSA SICAL Terminals Ltd under section 10(23G) read with rule 2E for its BOT container terminal at Tuticorin Port, effective from AY 2000 01 until the 30 year licence end (up to 14.07.2028) or earlier on licence violation. The approval is conditional on compliance with section 10(23G)/rule 2E and may be withdrawn if the enterprise ceases the eligible business, fails to maintain books and obtain the required audit, or fails to furnish the prescribed audit report.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 10(23G) secures tax-exempt status for a BOT container terminal, subject to compliance and audit.
Approval is granted to M/s PSA SICAL Terminals Ltd under section 10(23G) read with rule 2E for its BOT container terminal at Tuticorin Port, effective from AY 2000 01 until the 30 year licence end (up to 14.07.2028) or earlier on licence violation. The approval is conditional on compliance with section 10(23G)/rule 2E and may be withdrawn if the enterprise ceases the eligible business, fails to maintain books and obtain the required audit, or fails to furnish the prescribed audit report.
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