TaxTMI 
TaxTMI 
CENTRAL COMPREHENSIVE INSURANCE SUBSIDY SCHEME, 2012.
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....ion of the scheme to such industrial units which have pre-registered and commenced commercial production/operation before 14-06-2017, for a period of five years from date of commencement of commercial production/operation. The unit should file its claim as per prescribed procedure at District Industry Centre concerned within one year from the date of commencement of commercial production/operation. The industrial units registered before 15-06-2012 under the erstwhile scheme of subsidies and have filed the claims within one year of the date of commencement of commercial production/operation would be eligible for subsidies under the erstwhile scheme. Units which were registered after 15-06-2012 would be covered under the present scheme. However, if such a unit has not registered with DIC (District Industry Centre) due to non-existence of the Package during the intervening period or not submitted claims within one year of the date of commencement of commercial production/operation, the unit can do so no later than 31st December, 2013. (iii) Extent of admissible subsidy:- An Insurance subsidy to the extent of 100% would be admissible during the extended package to all new industrial....
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.... Earthquake Fire and Shock During the period of insurance named in the said schedule or of any subsequent period in respect of which the insured shall have paid and the Company shall have accepted the premium required for the renewal of the policy, the Company will pay to the Insured the value of the Property at the time of the happening of its destruction or the amount of such damage or at its option reinstate or replace such Property or any part thereof. PROVIDED that the liability of the Company shall in no case exceed in respect of each item the sums expressed in the said Schedule to be insured thereon or in the whole the total sum insured thereby or such other sum or sums as may be substituted thereof by memorandum thereon or attached hereto signed by or on behalf of the company." RIOT, STRIKE, MALICIOUS AND TERRORIST DAMAGE CLAUSE This Policy covers Riot, Strike, Malicious and Terrorist Damage as under:- I. Loss of or visible physical damage by external violent means to the property insured directly caused by: (1) The act of any person taking part together with others in any disturbance of the public peace (whether in connection with a ....
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....ed to by ionising radiations or contaminations by radio-activity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purpose of this Exclusion only, combustion shall include any self-sustaining process of nuclear fission. 6. Loss or damage to any electrical machine, apparatus, fixture or fitting (including electric fans, electric household or domestic appliances, wireless sets, television sets and radios) or to any portion or the electrical installation, arising from or occasioned by over-running, excessive pressure, short circuiting, arcing, self-heating or leakage or electricity, from whatever cause(lightning included) provided that this exemption shall apply only to the particular electrical machine, apparatus, fixture, fitting or portions of the electrical installation so affected and not to other machines, apparatus, fixtures, fittings, or portions of the electrical installation which may be destroyed or damaged by fire so set up. 7. Loss or damage occasioned by or through or in consequence directly or indirectly, of any of the following occurrences, namely, (a) War, invasion, act of forei....
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....-description or non-disclosure of any material particular. 2. All insurance under this policy shall cease on expiry of seven days from the date of displacement of any building or part hereof or of the whole or any part of any range of building or of any structure of which such building forms part. PROVIDED such a fall or displacement is not caused by insured perils loss or damage by which is covered this policy or would be covered if such building, range of buildings or structure were insured under this policy. Notwithstanding the above, the company, subject to an express notice being given as soon as possible but not later than 7 days of any such fall or displacement, may agree to continue the insurance subject to revised rates, terms and conditions as may be decided by it and confirmed in writing to this effect. 3. The insurance may be terminated at any time at the request of the insured, in which case the company will retain the premium at customary short period rate for the time the policy has been in force. The insurance may also at any time be terminated at the option of the Company on 15 days notice to that effect being ....
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....poses be deemed to have been abandoned and shall not thereafter be recoverable hereunder. 5. On the happening of loss or damage to any of the property insured by this policy, the Company may:- (a) enter and take and keep possession of the building or premises where the loss or damage has happened. (b) take possession of or require to be delivered to it any property of the insured in the building or on the premises at the time of the loss or damage. (c) keep possession of any such property and examine, sort, arrange, remove or otherwise deal with the same. (d) sell any such property or dispose of the same for account of whom it may concern. The powers conferred by this condition shall be exercisable by the Company any time until notice in writing is given by the insured that he makes no claim under the policy, or if any claim is made, until such claim is finally determined or withdrawn, and the company shall not by any act done in the exercise or purported exercise of its powers hereunder, incur any liability to the insured or diminish its rights to rely upon any of the conditions ....
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....such acts and things as may be necessary or reasonably required by the Company for the purpose of enforcing any rights and remedies or of obtaining relief or indemnity from other parties to which the Company shall be or would become entitled or subrogated, upon its paying for or making good any loss or damage under this policy, whether such acts and things shall be or become necessary or required before or after his indemnification by the Company. (9) If at the time of any loss or damage happening to any property hereby insured there be any other subsisting insurance or insurances, whether effected by the insured or by any other person or persons covering the same property, this Company shall not be liable to pay or contribute more than its ratable proportion of such loss or damage. (10) If the property hereby insured shall at the breaking out of any insured peril, be collectively of greater value than the sum insured thereon, then the insured shall be considered as being his own insurer for the difference, and shall bear a ratable proportion of the loss accordingly. Every item, if more than one of the policy shall be separately subject to this condi....
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....l 03. Budgam Barzulla Rangreth 04. Anantnag Anantnag Anchidora Bijbehara 05. Kulgam Kulgam 06. Pulwama Pulwama Chatpora IDC Lassipora 07. Shopian Gagran 08. Baramulla Baramulla Sopore Food Park Doabgah 09. Bandipora Sumbal 10. Kupwara Branwara Chotipora 11. Leh Leh Phyang Khaltsi 12. Kargil Chanchik Khurbathang New Industrial Estates (Under Development) in Kashmir Division 01. Anantnag VessuAnantnag ShestergamMehmoodaBaghDuru 02. Pulwama TakiaRazak Shah Tral Khrew near Khanmoh 03. Kulgam AshmujiKulgam MalwanKulgam Kulgam Phase II 04. Budgam Rangreth Phase-II Ompora 05 Kupwara Chotipora (Handwara) Radbugh 06. Shopian Aglar 07. Baramulla BangilTangmarg 08. Leh Phyang Khaltsi 09. Kargil Khrbathang (Changrathang) List of Industrial Estates Jammu Division Sl. No. Name of District Name of Identified Estate 01. Jammu Digiana Jammu Cantt. Gangyal Birpur Baribrahmna& EPIP Kartholi Akhnoor 02. Samba Samba IGC Samba Phase-III 03. Udhamp....