Industrial Park Scheme, 2008

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....ial activity means any activity which is not an industrial activity; (e) common facility means facilities required for proper functioning of industrial park and commonly shared by all the units located in the industrial park and include facilities like lifts, corridors, industrial canteens, convention/ conference halls, parking, travel desks, security service, first aid centre, ambulance, safety service training facilities; (f) date of commencement means the date of obtaining the completion certificate or occupation certificate, as the case may be, from the relevant local authority, certifying thereby that all the required development activities for the project have been completed; (g) Form means a form appended to this Scheme; (h) industrial park means a project in which plots of developed space or built up space or a combination, with common facilities and quality infrastructure facilities, is developed and made available to the units for the purposes of industrial activities or commercial activities in accordance with this scheme; (i) infrastructure facility means facilities required for development, operation and maintenance of the industrial park and include roads (includ....

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....ark should be owned by only one undertaking; and (8) Industrial units shall undertake only manufacturing activity as defined in section D of the National Classification, 2004, Code issued by the Central Statistical Organisation, Department of Statistics. 5. General Conditions.- (1)The industrial park shall be construed as developed on the date of commencement. (2) Tax benefits under the Act will be available to the undertaking only after minimum number of thirty units are located in the Industrial Park. (3) The tax benefits under the Act will be available to the undertaking only if the undertaking and the industrial park have been notified by Central Board of Direct Taxes under section 80-IA of the Act. (4) The tax benefits under the Act will be available only to the undertaking notified by the Central Government and not to any other person who may subsequently develop, develops and operates or maintains and operates the notified industrial park, for any reason. (5) The undertaking must keep separate book of accounts for the industrial park and must file its income tax returns by the due date to the Income-tax department. (6) An industrial park approved under Industrial Park....

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....uity in the undertaking) S. No. Details of entity Percentage of equity held a) Public holding b) Private holding Total (c) Details of entities holding more than 20 per cent. of equity in the undertaking:- Name_______________________________ Post address__________________________ __________________________ Pin Code_____________________________ Tel. No.______________________________ Fax No.______________________________ Email________________________________ Permanent Account No._________________ Percentage of proposed equity holding___________________ 2.I Proposed location of the Industrial Park Address of location of Industrial Park (Indicate complete address):- Plot No._____________________________ Name of the Building (if any)__________________ Survey Number_____________________________ Village____________________________________ Taluka or Tehsil_______________________________ District_______________________________________ State________________________________________ Pin Code______________________________________ 2.II Details of the proposed Industrial Park (a) Total proposed constructed floor area (in square metres)____________ ....

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....the 31st of March 2009; (b) The area allocated or to be allocated to industrial Yes/No units shall not be less than ninety per cent of the allocable area; (c) There shall be a minimum of thirty industrial Yes/No units located in a industrial park; (d) For the purpose of computing the minimum Yes/No number of industrial units; all units of a person and his associated enterprises will be treated as a single unit. (e) The minimum constructed floor area shall Yes/No not be less than 50,000 square meters; (f) No industrial unit, along with the units of Yes/No an associated enterprise, shall occupy more than twenty five per cent of the allocable area; (g) The industrial park should be owned by only Yes/No one undertaking; and (h) Industrial units shall undertake only manufactu- Yes/No ring activity as defined in Section D of the National Classification, 2004 Code issued by the Central Statistical Organisation, Department of Statistics. DECLARATION I/We hereby undertake to continue to operate the Industrial Park during the period in which the benefits under sub-section 4(iii) of the section 80-IA of the Income-tax Act, 1961 are to be availed. I/We here....